Originally Posted by
WhiskeyDelta
So why am I seeing reports just now of the unemployment rate "unexpectedly" dropping to 13.3% and the economy adding 2.5 million jobs in May?
Edit: I think you were using a survey of economists predicting the increase in rate and the unemployed. The actual report was much better than those predictions.
A ‘misclassification
error’ made the May
unemployment rate look
better than it is.
June 6, 2020
When the U.S. government’s official jobs report for May came out on Friday, it included a note at the bottom saying there had been a major “error” indicating that the unemployment rate likely should be higher than the
widely reported...
~The Washington Post~
Let’s Enjoy the next 60 days...