The article I chose came from the Knight Ridder Tribune Business News; Washington; Oct 5, 2002. The article dealt with how the jobless rate for the United States dropped but at the same time the economy shrank by forty three thousand jobs. One of the reasons this happened was because the unemployment rate comes from a survey of about sixty thousand households while the jobs data is derived from payroll data from about three hundred thousand firms. The article also mentions how smaller companies might actually be doing better than medium to large companies. Finally the article mentioned how the senate is working on a bill that would extend unemployment benefits an extra thirteen weeks.
The article stated many analysts were surprised by the news because the economy normally needs to gain at least 100,000 jobs a month to keep the unemployment rate from rising. To further add to the confusion the economy actually lost forty seven thousand jobs and the unemployment rate still dropped from 5.9 to 5.7. The fall in u
In conclusion the article helped shed some light on the economy and how it might actually be turning around. But at the same time the article still talk about the unstableness that still occupancies it. Until there is a solid flow of positive numbers from all sides, it seems the economy will remain in a see saw balance. There still seems to be many more questions than answers when it comes to the economy and until that changes the situation is going to remain the same. A big test for the economy coming up is the holiday season when businesses see the most profits. The holiday season also creates an in flux of temporary jobs and the way things have been going you can expect many of those jobs to be taken rather quickly. It's a true test that the economy must pass if it wants to continue the rebound it is supposedly experiencing currently.
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those same analysts still don't expect the economy to grow fast enough in coming months to cause further drops in unemployment. It is believed that the unemployment rate i
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