The Rate of Unemployment in the US

Recent Economic Event
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Recent Economic Event
Why is the rate of unemployment in the United States of America (USA) reducing despite the trade war between the country and China? Based on the CNBC News, the American population applying to receive benefits for jobless people has been falling gradually. In particular, about 8,000 individuals have quitted applying for unemployment benefits, which means they are employed. In October 2019, approximately 128,000 jobs were created in the field of business and information technology, which benefited many Americans (CNBC, 2019). Despite around 46,000 workers at General Motors striking, the economy of the USA continues to proliferate.
The reason why one chose to focus on the rate of unemployment is because it has been a significant problem in the USA for several decades. Although many students are graduating from the institutions of higher education, not all of them get employment. Specifically, the Federal Reserve has affirmed that the result of the decline in the rate of unemployment is the reduction of the interest rates and the support for continued economic growth. In July 2019, the central bank decreased the borrowing costs, which has enabled many individuals...