The U.S. unemployment rate tumbled to 6.3 percent in April from 6.7 percent in March. And rates fell for nearly every demographic group, though not always for encouraging reasons.
Find out why here. What are the implications of these fluctuations? And what all are other factors (not mentioned in the article) are factors influencing the decline?
My initial thought when I hear about unemployment numbers is just that more people were able to get jobs, but as this article discusses that is not necessarily true, given how this statistic is calculated. Unfortunately, part of the reason unemployment dropped this past month was because fewer people looked for jobs. At least the college graduate unemployment rate dropped slightly because more students were successful in finding jobs.
My initial thought when I hear about unemployment numbers is just that more people were able to get jobs, but as this article discusses that is not necessarily true, given how this statistic is calculated. Unfortunately, part of the reason unemployment dropped this past month was because fewer people looked for jobs. At least the college graduate unemployment rate dropped slightly because more students were successful in finding jobs.
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