bureau of labor statistics
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Due to a ‘Misclassification Error’ the Unemployment Rate Looks Like It’s Dropping Faster Than It Actually Is
On Friday, the Bureau of Labor Statistics released its official jobs report for May which reported the first drop in the unemployment rate since the pandemic began wreaking havoc on the U.S. economy. Just one problem: The number was off by 3 percentage points. According to the Washington Post, the BLS added a note to…