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still_one

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26. How have payrolls increased that much. Mohamed El-Erian sure is skeptical of it

Reply to mathematic (Reply #23)

Fri Jun 5, 2020, 09:10 AM

Jun 2020

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Unemployment rate drops to 13 percent, as the economy began to lose jobs at a slower pace [View all] BumRushDaShow Jun 2020 OP

Links to earlier reports: mahatmakanejeeves Jun 2020 #1

No banner breaking news headlines yet BumRushDaShow Jun 2020 #2

Bloomie too: 'US Jobless Rate Unexpectedly Fell In May appalachiablue Jun 2020 #25

This is a shame. BumRushDaShow Jun 2020 #31

Yes. Thank you. I actually called up the BLS CPS group this morning and asked PatrickforO Jun 2020 #51

How many are people forced to return to work despite corona virus fears? nt tblue37 Jun 2020 #101

I don't belive that BS for a second Bengus81 Jun 2020 #3

Something's wrong here. mahatmakanejeeves Jun 2020 #4

Because 14.2m files jobless claims between mid April to mid May? denem Jun 2020 #10

Massive layoffs and business closed everywhere for months make for only 3.7% higher? Bengus81 Jun 2020 #17

We have a Democratic governor here in Kansas. nt tblue37 Jun 2020 #102

Me, either... IthinkThereforeIAM Jun 2020 #20

This seems.... rather unbelievable. Happy Hoosier Jun 2020 #5

can we believe anything coming out of the trump government? samsingh Jun 2020 #6

If anyone believes those numbers, I have a bridge I want to sell you. shockey80 Jun 2020 #7

Hey, wait. The BLS says that employment rose by 2.5 M. They must mean unemployment. mahatmakanejeeves Jun 2020 #8

The BLS admitted last month the unemployment rate was close to 20% given the classification errors progree Jun 2020 #9

This would mean that it dropped from a high of around 14 to 13%................Bullshit turbinetree Jun 2020 #11

More lies durablend Jun 2020 #12

Not "lost at a slower pace"... ADDED jobs ??? FBaggins Jun 2020 #13

I'm reading it too. NT mahatmakanejeeves Jun 2020 #16

My guess is that it's a quirk with the standard survey vs. some VERY non-standard times. FBaggins Jun 2020 #29

As I commented on a duplicate thread Steelrolled Jun 2020 #49

It doesn't match the continuing claims for unemployment, and I sure don't still_one Jun 2020 #14

It does match the continuing claims for unemployment, which is 20m people mathematic Jun 2020 #23

How have payrolls increased that much. Mohamed El-Erian sure is skeptical of it still_one Jun 2020 #26

Hey, I'm just addressing your initial concern about the continuing claims, which DO match up mathematic Jun 2020 #32

I agree we have seen the worst in unemployment, but that the increase was this still_one Jun 2020 #33

I admit that I'm guessing... but I think it's the difference between a hard count FBaggins Jun 2020 #37

I am wondering if some of these PPP loans are having an effect where some still_one Jun 2020 #40

That's certainly what the intent was when Congress created those "loans". FBaggins Jun 2020 #46

From the source. The BLS says that employment went up by 2.5 M. Not unemployment. mahatmakanejeeves Jun 2020 #15

I would think that in order to get that jobs "increase" (am guessing "net increase" for the month) BumRushDaShow Jun 2020 #28

The WaPo did some editing on their article. The edit changes things. NT mahatmakanejeeves Jun 2020 #38

I did see this interesting comment in the thread BumRushDaShow Jun 2020 #42

Thanks still_one Jun 2020 #36

De nada. I consider it my job. mahatmakanejeeves Jun 2020 #39

................................... still_one Jun 2020 #41

How do we know tRump didn't have someone mess with the numbers? ariadne0614 Jun 2020 #18

Tell that to the closed restaurants, businesses, and those part of the continuing still_one Jun 2020 #19

Trump stopped counting the unemployed and the dead bucolic_frolic Jun 2020 #21

BREAKING Unemployment Rate Fell to 13.3% in May mahatmakanejeeves Jun 2020 #22

You could fry an egg on those numbers. denem Jun 2020 #24

Those are Sarah Palin numbers bucolic_frolic Jun 2020 #27

As economist dig into the numbers, they found an interesting "footnote" maxrandb Jun 2020 #30

Anyone know what that means? Steelrolled Jun 2020 #45

They've Done That For Decades ProfessorGAC Jun 2020 #84

Except that this situation is unique and nothing like any other catastrophic event in the past. honest.abe Jun 2020 #87

A Good Portion, Yes ProfessorGAC Jun 2020 #88

They admitted it was an error. honest.abe Jun 2020 #93

Talking About 2 Different Omissions ProfessorGAC Jun 2020 #95

Explain please. honest.abe Jun 2020 #96

Here's how the Washington Post describes it (humans being humans, sigh) progree Jun 2020 #90

Links to charts and graphs from the BLS Twitter account. mahatmakanejeeves Jun 2020 #34

Additional links: mahatmakanejeeves Jun 2020 #35

I don't know about everywhere else Steelrolled Jun 2020 #43

Barring a second wave of infections, we probably ARE past the bottom FBaggins Jun 2020 #47

Household survey (that produces unemployment rate) is done over one week in this case May 10 - May progree Jun 2020 #53

I question everything, EVERYTHING that comes out of this administration; SayItLoud Jun 2020 #44

Let's see...unemployment numbers the first week of Feb 2021---18%-20% BANK on it Bengus81 Jun 2020 #48

bogus data if I ever saw with the number of people filing weekly claims near 40 million beachbumbob Jun 2020 #50

Bloomberg doesn't seem to agree. Lonestarblue Jun 2020 #52

MarketWatch forecast of 15 economists: jobs: -7.25 M, unemployment rate: 19.0% progree Jun 2020 #55

So How Can DallasNE Jun 2020 #54

I believe this as much as I believed that 4% unemployment BS. nt yaesu Jun 2020 #56

Probably most of those are laid off employees returning as businesses... WePurrsevere Jun 2020 #57

Did we say 2.5 million? We meant 10 million! mahatmakanejeeves Jun 2020 #58

I haven't had chance to check but BumRushDaShow Jun 2020 #59

Yes: March and April a combined 642,000 worse than last reported progree Jun 2020 #61

Thank you!!! BumRushDaShow Jun 2020 #62

Well, that's about right. MarketWatch forecast 7.25 M LOST, Yahoo Finance: 8 M LOST progree Jun 2020 #60

SOME BLS SERIES NUMBERS - Links progree Jun 2020 #63

I'm calling BS. This was reported 5/28/2020 on CNBC ... aggiesal Jun 2020 #64

Continuing claims is 21.49 million, not far from the Unemployed number: 20.98 million progree Jun 2020 #66

Also if you exhaust your unemployment benefits, you drop off the unemployment list ... aggiesal Jun 2020 #67

The BLS numbers in todays jobs reports counts everyone who says they are out of a job progree Jun 2020 #68

Thanks for the link. In California, when you are unemployed ... aggiesal Jun 2020 #70

That's unemployed status too. Again, that Household Survey of 60,000 households is progree Jun 2020 #72

That's a frequent misconception FBaggins Jun 2020 #71

U-6 unemployment rate 21.2% (includes people who have looked for work sometime in past 12 months progree Jun 2020 #65

Bean counters give the Corps 500 trillion to hire people Cryptoad Jun 2020 #69

Trump says he hopes George Floyd 'looking down' and seeing today's jobs numbers as 'a great day for progree Jun 2020 #73

Link to another thread at DU about the report mahatmakanejeeves Jun 2020 #74

I've been seeing more and more talking about the "COVID-19 factor" BumRushDaShow Jun 2020 #75

That showed up early this morning. I wish he had crossported it in this thread. NT mahatmakanejeeves Jun 2020 #76

Have fun BumRushDaShow Jun 2020 #77

March and April also had the same problem. March was "almost 1 percentage point", progree Jun 2020 #78

Thank you for writing. I posted the link because I thought that there should be a central place mahatmakanejeeves Jun 2020 #80

Oh, nothing wrong with posting it here. It is a fact that the BLS has admitted to the 3 progree Jun 2020 #81

"... the same misclassification error in the April report...." mahatmakanejeeves Jun 2020 #82

The LBN April jobs thread already has postings about the misclassification error progree Jun 2020 #83

Thanks for your work on this........... Bengus81 Jun 2020 #79

Thanks. It's mostly just a bunch of cut and paste. There's not that much work involved. NT mahatmakanejeeves Jun 2020 #86

Link to yet another thread at DU about the report: mahatmakanejeeves Jun 2020 #85

Just when you think you've got them all, here's another. mahatmakanejeeves Jun 2020 #89

This one got removed as being a DUPE in LBN, but the comments are still there - progree Jun 2020 #91

Another one has been posted since then. I'm tired. I'm going to have some dinner. NT mahatmakanejeeves Jun 2020 #92

101 million jobless Americans (remember when Trump criticized Obama for "94 million jobless progree Jun 2020 #94

Response to someone claiming "As soon as it was caught the same day it was corrected." and other progree Jun 2020 #97

Here we go again. mahatmakanejeeves Jun 2020 #98

That 20% refers to April, not May (sigh, here we go again) progree Jun 2020 #99

Best explanation of unemployment insurance & compared to this jobs report, by Wolf Richter progree Jun 2020 #100