What is the real unemployment rate? Your questions about that shocking jobs report, answered

Subscribe to How To Reopen, our weekly newsletter on what it takes to reboot business in the midst of a pandemic.

The shock of Friday’s U.S. jobs report is still rippling through economic circles, politics and financial markets.

The 2.5 million increase in payrolls and decline in the unemployment rate—albeit to a still-sky-high 13.3%—confounded expectations for another sharp deterioration in both measures.

Beyond how economists flubbed the forecasts, the report has spurred many other questions, from how to reconcile the figures with jobless-claims numbers showing about 9 million more claiming unemployment insurance benefits, to what to make of a recurring data-collection issue

Leave a Reply