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WOLF RICHTER JOBS REPORT–ACTUAL ANALYSIS PLUS 125 COMMENTS-Counted as employed “even if they were not actually at their jobs.

Posted by Richard640 @ 5:29 on June 6, 2020  

Powered by Restaurants, Bars & Retailers, Jobs Bounce Off Bottom. Some Industries & Governments Continue to Shed Jobs

The 20 industries with biggest job losses & the 20 with the biggest gains. The unemployment rate would have been 16% if people had responded to the survey correctly, said the BLS; that would be 25.3 million unemployed. Abysmal.

By Wolf Richter for WOLF STREET.

This is based on the surveys of employers (“establishment surveys”), released as part of the jobs report this morning by the Bureau of Labor Statistics. The reference period on the survey extended through May 12th. Given the issues with the pandemic, the BLS noted that people were counted as “employed” if they were paid by their employer for any part of the pay period through the 12th, “even if they were not actually at their jobs.”

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.