As predicted several hours ago, the unemployment has decreased by 0.3% to 9.7%.
This was not expected by the market with the average forecast of 10% and the range from 9.9% to 10.2%. The decrease will accelerate in February. The reason behind the drop is the secular decline in the rate of participation in labor force, as decribed in this post.
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These are two biggest parts of the Former Soviet Union. To characterize them from the economic point of view we borrow data from the Tot... -
Almost every day, I have a request to publish this paper " Race and gender income inequality in the USA: black women vs. white men...
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