The unemployment rate is always the effective statics that may reflect some social problem and help government to adjust their policy and improve the economic atmosphere. I started to notice the unemployment rate since the 2008, the world-wise economics recession, which erupted in U.S., many countries is under the bad influence of the recession and even now some of these countries can’t get rid of these bad consequence.
U.S. job growth slowed a bit in July 2014 and the unemployment rate unexpectedly rose, pointing to slack in the labor market that could give the Federal Reserve room to keep interest rates low for a while.
Although job growth was below expectations, July marked the sixth straight month employment expanded by more than 200,000, a signal of strength last seen in 1997. In addition, data for May and June was revised to show 15,000 more jobs created than previously reported.
The one tenth of a percentage point increase in the unemployment rate to 6.2 percent came as more people entered the labor market, an indication of confidence in job prospects.
Reply to: “US unemployment rate falls to 5.9%; but wage growth disappoints – business live”
Citation:
“Unemployment in the United States.” Wikipedia. Wikimedia Foundation, 11 Oct. 2014. Web. 11 Nov. 2014. <http://en.wikipedia.org/wiki/Unemployment_in_the_United_States>.
“United States Unemployment Rate 1948-2014 | Data | Chart | Calendar.” United States Unemployment Rate. N.p., n.d. Web. 08 Nov. 2014. <http://www.tradingeconomics.com/united-states/unemployment-rate>.
