'Misclassification Error' Leads To Inaccurate May Jobs Report

'Misclassification Error' Leads To Inaccurate May Jobs Report

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Social Studies, Life Skills, Business

University

Hard

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The May jobs report initially seemed positive, but an error was found indicating the unemployment rate was actually 16.3%, higher than the reported 13.3%. The Bureau of Labor Statistics (BLS) and Census Bureau are investigating the mistake, which involved misclassifying some temporarily unemployed individuals as employed but absent for other reasons. This issue, first noticed in March, suggests that unemployment rates for March and April were also understated. The misclassification was partly due to COVID-19, as people waiting to return to jobs were incorrectly categorized.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What error was pointed out in the May jobs report?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the reported unemployment rate in the May jobs report?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

How did the Bureau of Labor Statistics respond to the error in the report?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What reasons were given for the misclassification of unemployed individuals?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What trend did the BLS first notice in March regarding unemployment classification?

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