The latest Employment Situation news release (http://www.bls.gov/news.release/pdf/empsit.pdf) was issued today by the Bureau of Labor Statistics. Highlights are below.
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In October, the unemployment rate rose to 10.2 percent, the highest since April 1983, and nonfarm payroll employment continued to decline (-190,000). The largest job losses over the month were in construction, manufacturing, and retail trade.
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News releases archives:
http://www.bls.gov/schedule/archives/all_nr.htm
Joseph Schumpeter's Business Cycles
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Business Cycles
The link above takes you to a pdf file of Joseph Schumpeter's book.
14 years ago
Well, it seems it may truly be decreasing at a decreasing rate... slightly.
ReplyDeleteUnemployment will remain.
ReplyDelete