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Click to edit Master subtitle style 10/6/09 Number of houses sold has been declining over the past few years indicating a drop in residential investment More people are leaving the labor force causing employment to shrink. It may indicate discouraged workers and a decreasing need for labor due to decreased consumption.
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10/6/09 Unemployment Rate 4.1 4.2 4.3 4.4 4.5 4.6 4.7 4.8 4.9 5.0 5.1 Jul-06 Aug-06 Sep-06
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Unformatted text preview: Oct-06 Nov-06 Dec-06 Jan-07 Feb-07 Mar-07 Apr-07 May-07 Jun-07 Jul-07 Aug-07 Sep-07 Oct-07 Nov-07 Dec-07 Jan-08 Series1 The unemployment rate has been increasing steadily since last spring. Left uncorrected, unemployment will be unnecessarily high resulting in lower consumption and a larger departure from potential GDP that we can prevent by lowering interest rates....
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This note was uploaded on 04/11/2009 for the course ECON 101 taught by Professor Miyanishi during the Spring '08 term at UC Davis.

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