11/2/12

The rate of unemployment in the U.S. is 7.9%

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.

No comments:

Post a Comment

The Fed rate will not likely be falling soon and fast

In 2022, we  wrote in this blog  about the strict proportionality between the CPI inflation and the actual interest rate defined by the  Boa...