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Course
Strayer University
Instructor
Date
Macroeconomics Case Study- Unemployment Rate
The U.S. Bureau of Labor Statistics reports the unemployment rate monthly and annual basis. The U.S. Bureau of Economic Analysis (BEA) reports U.S. employment by county, state, metro, other areas, and industry. The monthly seasonally adjusted unemployment rate was 5.7% in January 2015, then 4.9% a year later, and 4.7% in January 2017 (U.S. Bureau of Labor Statistics, 2020). Monthly, from 2015 to 2017, the highest unemployment rate was 5.7%. The unemployment rate has declined gradually from 2015 to 2017 as the economy expanded, and people were employed in diverse industries. Consumer expenditure is the largest share of the US economy’s GDP, and an expanding economy is also associated with increased consume...
Course
Strayer University
Instructor
Date
Macroeconomics Case Study- Unemployment Rate
The U.S. Bureau of Labor Statistics reports the unemployment rate monthly and annual basis. The U.S. Bureau of Economic Analysis (BEA) reports U.S. employment by county, state, metro, other areas, and industry. The monthly seasonally adjusted unemployment rate was 5.7% in January 2015, then 4.9% a year later, and 4.7% in January 2017 (U.S. Bureau of Labor Statistics, 2020). Monthly, from 2015 to 2017, the highest unemployment rate was 5.7%. The unemployment rate has declined gradually from 2015 to 2017 as the economy expanded, and people were employed in diverse industries. Consumer expenditure is the largest share of the US economy’s GDP, and an expanding economy is also associated with increased consume...
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