PBS News Hour

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.

The May jobs report ‘misclassification error’ explained

2m 7s

WETA Passport

Stream tens of thousands of hours of your PBS and local favorites with WETA Passport whenever and wherever you want. Catch up on a single episode or binge-watch full seasons before they air on TV.