After the 0.3% drop in September 2012, which provoked a fierce discussion on the accuracy and biases associated with the Census Bureau's surveys, the rate of unemployment has risen by 0.1% in October and the BLS reported 7.9%. This figure provides a strong support to the long term downward trend in unemployment and, in turn, a positive trend in employment. According to our version of Okun's law, we expect a healthy growth in real GDP by 3% per year.
Subscribe to:
Post Comments (Atom)
-
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... -
These days sanctions and retaliation is a hot topic. The first round is over and we will likely observe escalation well supported by po...
-
Yesterday I missed the absolute hero of deflation in the US – the consumer price index of information technology, hardware and software (see...
No comments:
Post a Comment