1Whereas a decline in unemployment rate illustrates a favorable health of the economy, Ido not agree with your statement that a drop in the rate of unemployment explicitly indicates thatthe economy is getting better. I think that we cannot conclusively state that a decline in anunemployment is a clear indication of economic growth. This is due to the fact thatunemployment rates are calculated using household surveys whereas employment creation dataor statistics are derived from a survey of federal agencies and businesses. For instance, theBureau of Labor Statistics relies on a survey o ...
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