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The BLS published the most recent Employment Situation Summary on Friday, July 2 with the unemployment rate in the U.S. at 5.9% (down from 6.3%
The BLS published the most recent Employment Situation Summary on Friday, July 2 with the unemployment rate in the U.S. at 5.9% (down from 6.3% in January).The unemployment rate rose from 4.4% to 14.7% amidst the Covid-19 pandemic in April 2020. Offer an explanation why the current 6.0% unemployment rate likely understates the true level of unemployment in the U.S. economy. What are some other data that would help you make that assessment?
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