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The May unemployment numbers are NOT as good as they're being reported as there was an error in how certain unemployed individuals were classified...

By: oldCADuser in FFFT3 | Recommend this post (0)
Sat, 06 Jun 20 6:59 PM | 36 view(s)
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...but despite that, it's still true that the unemployment rate went down in May, since this error also made the March and April numbers look smaller than they really were.

The May jobs report had 'misclassification error' that made the unemployment rate look lower than it is. Here's what happened

http://www.stamfordadvocate.com/business/article/The-May-jobs-report-had-misclassification-error-15320999.php




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