Economists and traders were shocked after the unemployment rate unexpectedly dropped in May 2020 after shooting up in March and April due to the coronavirus pandemic. The Bureau of Labor Statistics even admitted that there was a “misclassification error” that counted people as employed, rather than unemployed. What happened and how is it being fixed?
Recommended Reading
New Issues 2024 Brief Examines Decline in Worker Power and its Economic Impacts
American Compass today released a new policy brief as part of its Issues 2024 series highlighting the importance of worker power and its decline over the past half century.
Issues 2024: Worker Power
For 50 years, businesses have been finding ways to succeed while offering fewer secure jobs to American workers, leading to surging growth and profits while wages stagnated.
New Survey Shows Most Americans Lack Secure Jobs
Republican support for unions is growing, despite political involvement pushing many workers away from organized labor
