305 W1 - Classical Model: Unemployment Summary of Article:...

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Classical Model: Unemployment Summary of Article: The attached article is a brief analysis of recent unemployment data and what it could mean for Americas unemployment rate in the near future. From August to September of this year roughly 103,000 jobs were created and there were similar indicators of an employment comeback. Unemployment insurance claims were lower than expected and the increase in payrolls was higher than expected. The article concludes with a segment on 10-year Treasury yields and their connection to the unemployment rate. The US economy is showing positive signs of a economic comeback but at the current pace it could take quite some time before we see the unemployment rate drop to pre-recession levels. Application: The unemployment rate is determined by dividing the number of unemployed by the labor force. Unemployment rate = Number unemployed X 100 Number in Workforce In the article, it makes note of economists being skeptical about an economic recovery even with the number of jobs increasing. They make this argument because
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305 W1 - Classical Model: Unemployment Summary of Article:...

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