CSPAN Key Capitol Hill Hearings January 10, 2014
Many times america will hear the Unemployment Rate go from seven percent to 6. 7 and would view as the country going in the right direction in regard to job creation and Economic Growth. But would you agree that actually the reduction in the Unemployment Rate is not an indicator of strong job growth like many of americans may think . I will unpack things a little bit. The decline in the unemployment , is somewhere around two thirds due to the decline in labor force participation. And about one third to job creation. Speaking, the employment and population ratio has essentially stayed about the...
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