Sunday, October 5, 2014

America's Economy

The article goes into great detail regarding the current American economy evening out eventually bouncing back. According to the Bureau of labor statistics total employment increased by 248,000 in September 2014, this was has given rise to various sectors especially professional services,retail and healthcare services. Furthermore; the unemployment rate has been the lowest since 2008 at 6%. Job figures were also revised and an increase of 69,000 was observed during July and August. 
However; there have been some negative aspects of these statistics, the labor force participation rate has fallen and is the lowest since 1978. This specifically suggests that the population growth is not yet meeting or evening out the amount of people who dropped out of the labor force during the recession. Furthermore; wages also remain pretty stagnant.

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