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What’s Wrong With The Unemployment Rate?

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Economists and traders were shocked after the unemployment rate unexpectedly dropped in May 2020 after shooting up in March and April due to the coronavirus pandemic. The Bureau of Labor Statistics even admitted that there was a "misclassification error" that counted people as employed, rather than unemployed. What happened and how is it being fixed?

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Is The Unemployment Rate Wrong?
Category
Tech
Tags
CNBC, business, news
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