The many new indicators of an epic job collapse
The job market is difficult to understand without accurate data. An ASU economist's workforce surveys are more current than the government’s — and more frightening.
The job market is difficult to understand without accurate data. Economist's surveys have proven to be more reliable and timely than government statistics. Associate Professor of Economics Alex Bick and Assistant Professor of Economics Adam Blandin of the Virginia Commonwealth University School of Business have a method for collecting valid data more frequently.
In this story published April 30, 2020, on Bloomberg Opinion:
Economists Alexander Bick and Adam Blandin attempt to fill in the picture further with a simple idea: Ask the same questions about workforce status that official government surveys ask, but ask them more often. Their “Real Time Population Survey (RPS)” will take place every other week, and has been administered twice.
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