Why Is The Average Unemployment Rate Falling
Why is the Average Unemployment Rate Falling
The government has reported that the unemployment rate fell by 0.2 of a percentage point. Businesses cut 89,000 jobs in January, which followed job losses that averaged 311,000 a month in the last three months of 2001. Economists had predicted the unemployment rate would continue to rise. So why is the nations unemployment rate decreasing
Employment gains in construction, air transportation and retailing helped offset job losses in other industries. Recently there has been also been evidence of an increase in the manufacturing sector. Analysts say the nearly
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