High-Stakes Musical Chairs: Fixing the Downward Bias in the Unemployment Rate By Jared Bernstein October 10, 2014 Ever since the JOLTS (Job Openings and Labor Turnover Survey) came into existence, labor market analysts have looked at the ratio of unemployed to job openings. In fact, the BLS publishes that very metric monthly (see chart … Continue reading Fixing the Downward Bias in the #Unemployment Rate | Jared Bernstein