Friday, March 18, 2005

Unemployment Rates Down

Initial unemployment claims fell by 10,000 the week ended March 12 from the previous week with no apparent special factor in this sharp decline. Initial claims are those that are sent in the first time and does not represent the total number of unemployment claims. This figure has been below 350,000 for 9 weeks and running and may indicate a strengthening economy. The total number of unemployed has recently been reported to be 48,000 less than before as well. Can an improving economy be held completely responsible for this occurrence? Or are there other as for now unforseen factors that are causing the upswing in our employment rates? What do you think some possible factors that are being overlooked could be? The data for this post can be found HERE.

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