Business, 04.04.2020 02:00 andr8aa

All of the following are steps of how the U. S. Bureau of Labor Statistics calculates the unemployment rate, except:
interview about 50,000 US-owned companies

The unemployment rate announced by the U. S. Bureau of Labor Statistics on the first Friday of each month for the previous month is based on the Current Population Survey (CPS), which the Bureau has carried out every month since 1940. The Bureau takes great care to make this survey representative of the country as a whole. The country is first divided into 3,137 areas. The U. S. Bureau of the Census then selects 729 of these areas to survey. It divides the 729 areas into districts of about 300 households each, and divides each district into clusters of about four dwelling units. Every month, Census Bureau employees call about 15,000 of the four-household clusters, for a total of 60,000 households.

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All of the following are steps of how the U. S. Bureau of Labor Statistics calculates the unemployme...

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