In the discussion thread: Economy adds 1.4 million jobs in August, and the unemployment rate fell below 10 percent [View all]
Response to Rebl2 (Reply #11)
Fri Sep 4, 2020, 09:04 AM
BumRushDaShow (76,360 posts)
19. Buried in the BLS report linked upthread
here - https://www.democraticunderground.com/10142575568#post1
the previous months' revisions are included in the full report - The change in total nonfarm payroll employment for June was revised down by 10,000, from
+4,791,000 to +4,781,000, and the change for July was revised down by 29,000, from +1,763,000 to +1,734,000. With these revisions, employment in June and July combined was 39,000 less than previously reported. (Monthly revisions result from additional reports received from businesses and government agencies since the last published estimates and from the recalculation of seasonal factors.) https://www.bls.gov/news.release/empsit.nr0.htm Of course the "X Factor" includes this - Since March, household survey interviewers have been instructed to classify employed persons
absent from work due to temporary, coronavirus-related business closures or cutbacks as unemployed on temporary layoff. BLS and Census Bureau analyses of the underlying data suggest there still may be some workers affected by the pandemic who should have been classified as unemployed on temporary layoff. However, the share of responses that may have been misclassified was much smaller in July and August than in prior months. For March through July, BLS published an estimate of what the unemployment rate would have been had misclassified workers been included. Repeating this same approach, the overall August unemployment rate would have been 0.7 percentage point higher than reported. However, this represents the upper bound of our estimate of misclassification and probably overstates the size of the misclassification error. |
Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
![]() |
Author | Time | Post |
BumRushDaShow | Sep 2020 | OP | |
mahatmakanejeeves | Sep 2020 | #1 | |
BumRushDaShow | Sep 2020 | #6 | |
mahatmakanejeeves | Sep 2020 | #10 | |
BumRushDaShow | Sep 2020 | #15 | |
still_one | Sep 2020 | #2 | |
George II | Sep 2020 | #12 | |
still_one | Sep 2020 | #17 | |
FBaggins | Sep 2020 | #20 | |
progree | Sep 2020 | #22 | |
progree | Sep 2020 | #27 | |
George II | Sep 2020 | #3 | |
BumRushDaShow | Sep 2020 | #4 | |
onetexan | Sep 2020 | #9 | |
BumRushDaShow | Sep 2020 | #14 | |
George II | Sep 2020 | #13 | |
Rebl2 | Sep 2020 | #11 | |
![]() ![]() ![]() ![]() |
BumRushDaShow | Sep 2020 | #19 |
jayfish | Sep 2020 | #5 | |
mahatmakanejeeves | Sep 2020 | #8 | |
progree | Sep 2020 | #29 | |
mahatmakanejeeves | Sep 2020 | #7 | |
durablend | Sep 2020 | #16 | |
duforsure | Sep 2020 | #18 | |
Cryptoad | Sep 2020 | #23 | |
samsingh | Sep 2020 | #21 | |
progree | Sep 2020 | #24 | |
BumRushDaShow | Sep 2020 | #25 | |
yaesu | Sep 2020 | #26 | |
GeorgeGist | Sep 2020 | #28 | |
LenaBaby61 | Sep 2020 | #33 | |
ProfessorGAC | Sep 2020 | #30 | |
progree | Sep 2020 | #31 | |
ProfessorGAC | Sep 2020 | #32 | |
progree | Sep 2020 | #34 | |
progree | Sep 2020 | #38 | |
mahatmakanejeeves | Sep 2020 | #35 | |
BumRushDaShow | Sep 2020 | #36 | |
mahatmakanejeeves | Sep 2020 | #37 | |
progree | Sep 2020 | #39 |
Edit History
Please login to view edit histories.