Saturday, June 6, 2020

"Lower" Unemployment Number Was "Misclassification Error"


About that "lower" unemployment figure that nitwit Nazi Donald "I Alone Can Fix It" Trump and his posse of rats were crowing about yesterday:

When the U.S. government’s official jobs report for May came out on Friday, it included a note at the bottom saying there had been a major “error” indicating that the unemployment rate likely should be higher than the widely reported 13.3 percent rate.

The special note said that if this “misclassification error” had not occurred, the “overall unemployment rate would have been about 3 percentage points higher than reported,” meaning the unemployment rate would be about 16.3 percent for May.
The Bureau of Labor Statistics, the agency that puts out the monthly jobs reports, said it was working to fix the problem.  (our emphasis)
We're sure they're getting right on it.

To all those economists who took the Trump regime at its word and were shocked that the unemployment number dropped during the period covered by the May report, we have some prime real estate in Florida we'd like to sell to you.

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3 comments:

  1. donnahJune 6, 2020 at 11:01:00 AM EDT

    Yeah, not holding my breath waiting for a correction from Flabba the Butt. they are used to scatterbombing and running, so people will remember his outlandish speech from the Rose Garden and ignore the facts about the unemployment numbers. If we had a decent media response, we might see rebuttals and explanations, but it's the weekend and everything will be forgotten by Monday morning.

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  2. W. HackwhackerJune 6, 2020 at 1:41:00 PM EDT

    donnah -- so right. You better believe a Trumper caused that "correction" to be in a footnote instead of the lede.

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  3. MartJune 6, 2020 at 3:27:00 PM EDT

    At least you gotta give Trump's team credit for doing a great job of sticking to the fascist playbook. Throw so much shit up in the air, nobody can keep track where it lands.

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