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Why Is The Average Unemployment Rate Falling?

 

            Why is the Average Unemployment Rate Falling?.
             The government has reported that the unemployment rate fell by 0.2 of a percentage point. Businesses cut 89,000 jobs in January, which followed job losses that averaged 311,000 a month in the last three months of 2001. Economists had predicted the unemployment rate would continue to rise. So why is the nations unemployment rate decreasing?.
             Employment gains in construction, air transportation and retailing helped offset job losses in other industries. Recently there has been also been evidence of an increase in the manufacturing sector. Analysts say the nearly yearlong recession be ending. The government reported that the U.S. economy managed to increase by 0.2 percent in the final three months of the year. Analysts also credit a rise in consumer confidence with a positive impact on the unemployment rate.
             Experts caution against too much optimism. They point out that many of the job gains are due to in part to a decrease in the civilian workforce as more people are called to active duty in the military. They suggest that this could be a small rise before an even greater fall. Most are taking a "wait and see" attitude.
            


Essays Related to Why Is The Average Unemployment Rate Falling?

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