The May jobs report ‘misclassification error’ explained
Clip: 6/6/2020 | 2m 7sVideo has Closed Captions
The May jobs report ‘misclassification error’ explained
New numbers from the U.S. Labor Department Friday surprised economists when the jobless rate dropped from 14.7 percent in April to 13.3 percent in May. But there was a note on the official report called a “misclassification error” that makes last month’s unemployment rate up to three points higher. The Wall Street Journal’s chief economics commentator Greg Ip joins Hari Sreenivasan to explain.
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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...
The May jobs report ‘misclassification error’ explained
Clip: 6/6/2020 | 2m 7sVideo has Closed Captions
New numbers from the U.S. Labor Department Friday surprised economists when the jobless rate dropped from 14.7 percent in April to 13.3 percent in May. But there was a note on the official report called a “misclassification error” that makes last month’s unemployment rate up to three points higher. The Wall Street Journal’s chief economics commentator Greg Ip joins Hari Sreenivasan to explain.
Problems playing video? | Closed Captioning Feedback
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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...