Question

Status:Closed    Asked:Apr 14, 2016 - 09:21 PM

calculated unemployment rate is different from BLS report

Hi, I tried to construct unemployment rate from CPS. I calcualted the ratio between weighted sum of people who are unemployed (empstat > =20 & empstat < 30) over weighted sum of people who are in laborforce (labforce=2, or empstat>=10 & empstat <30 tried both) . It turns out that the unemployment rate I calcluated is different from the one reported by bureau of labor statistics. The difference is 0.5-1 point higher in most cases.


I am not sure how this happens.


Thanks a lot for your help in advance.


Best wishes,

Vera

 
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Staff Answer

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Tim_Moreland

Staff

While it is unlikely you will be able to exactly match the BLS unemployment rate, your estimates should be closer than you report. Try the following:


1. Exclude any IPUMS-CPS respondents under the age of 16.
2. Make sure you are comparing your results to the "Not Seasonally Adjusted" unemployment rate.


Hope this helps.

 

Apr 15, 2016 - 01:17 PM

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