In 2020, the Bureau of Labor Statistics posted the following statement to its website: Due to the

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In 2020, the Bureau of Labor Statistics posted the following statement to its website: “Due to the unusual circumstances related to the pandemic . . . interviewers were given additional guidance before collecting data for March 2020.” What were the unusual circumstances in the labor market that began in March 2020? What potential error in estimating the unemployment rate was the BLS concerned about? Did the BLS manage to avoid this error?

Briefly explain.

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Macroeconomics

ISBN: 9780138102494

9th Edition

Authors: Glenn Hubbard, Anthony Patrick O Brien

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