The Unemployment And Output Statistics

992 WordsNov 9, 20154 Pages
The changes in the unemployment and output statistics of the United States since October 2014 have been unusual. These numbers can suggest two things: the numbers are fluctuating so much that they might not be meaningful enough to think of our economy as going into a recession or our economy can be in a little recession. To understand this more in-depth two articles describe the numbers of unemployment and output statistics that illustrates that the US economy can be seen as going into a tiny recession. As unemployment seemed to be at a low in some months since October of 2014, the US economy might diminish before it improves. As the stock market was fluctuating many were questioning if the economy was going into a recession. As economists look at the numbers of unemployment they noticed that it has been one of the worst in almost a decade. For example in the month of September they were easily the worst even though it was predicted that the year of 2015 was going to be tremendous for the economy (Irwin). As the economists look at the numbers even though unemployment was unchanged almost all the other numbers fell such as jobs created was way below the average, average hours fell, and the number of people having a job fell, and the number of people in the labor force fell (Irwin). The economists saw similar numbers in February of 2014 but they were seen as a reason of bad weather but the numbers they see of those in September were not met with bad weather, a strike, or
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