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Low inflation is a sign that the recovery may be losing steam.
The unemployment rate is down, and more people are returning to the labor force. But finding a job isn’t easy.
More Americans are returning to the labor market. But more are also joing the ranks of the long-term unemployed.
The adjustments smooth out predictable changes in employment, but the pandemic economy has broken them.
The Bureau of Labor Statistics said it might have been undercounting the number of workers classified as “unemployed on temporary layoff.”
If you want to answer the second question, you’ve got to ‘disaggregate’ the data.
Marketplace host Kai Ryssdal spoke with former BLS Commissioner Erica Groshen about the “misclassification” error.
The Bureau of Labor Statistics would categorize Rocio’s job most broadly as “natural resources, construction and maintenance occupations.” One in 10 workers work jobs in that category.
Kate’s work is part of the “Sales and Office Occupations,” category, like 20% of the U.S. labor force. She has an associate’s degree.
Gaile is part of the sales industry and works part time. She’s part of the largest growing segment of workers — those over 55.