How do the Bureau of Labor Statistics and the Bureau of the Census estimate U.S. unemployment each month?
A) They contact each state's unemployment office and gather data on new claims for unemployment.
B) They randomly survey about 60,000 U.S. households to determine how many people are in the labor force, and what proportion of them is unemployed.
C) They track released prisoners. These agencies adjust released prisoner employment unemployment rate proxy (PURP).
D) None of the above are correct.

Question

Quizplus · Accepted Answer

The Bureau of Labor Statistics and the Bureau of the Census estimate U.S. unemployment each month by randomly surveying about 60,000 U.S. households to determine how many people are in the labor force and what proportion of them is unemployed. This is done through the Current Population Survey (CPS), which is conducted each month in order to provide the most accurate measure of unemployment possible.

How Do the Bureau of Labor Statistics and the Bureau