The May job gain suggests that businesses have quickly been recalling workers as states have reopened their economies. Other evidence has also shown that the job market meltdown triggered by the coronavirus has bottomed out.
UPDATE: Once again, the Labor Department acknowledged making errors in how it classified people as employed and said the real May rate is worse than the numbers indicate. The gov't made the same mistakes in April.
The Labor Department admitted that government household survey-takers mistakenly counted about 4.9 million temporarily laid-off people as employed. The government doesn't correct its survey results for fear of the appearance of political manipulation.
Had the mistake been corrected, the unemployment rate would have risen to 16.1 percent in May. But the corrected April figure would have been more than than 19 percent, rather than 14.7 percent.
Updated story is here: mprnews.org/story/2020/06/…
Updated story is here: mprnews.org/story/2020/06/…
