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Read the CNN Business article: US unemployment drops to lowest since 1969 found below or at the following hyperlink: https://www.cnn.com/2019/10/04/economy/september-jobs-report/index.html Using the macroeconomic concepts discussed
Read the CNN Business article: "US unemployment drops to lowest since 1969" found below or at the following hyperlink: https://www.cnn.com/2019/10/04/economy/september-jobs-report/index.html Using the macroeconomic concepts discussed regarding GDP, trade, inflation, and unemployment, comment briefly on this article with respect tocall of the following: "In September, the unemployment rate fell to 3.5%, the lowest rate since December 1969, as employers added 136,000 jobs to the US economy. "How is the unemployment rate measured? Are part-time workers who want to work full-time considered officially "unemployed" in the rate? "Consumer spending has kept the economy growing even as the trade war hurts US manufacturing and farming."sConsumer spending is one component of the economy as calculated by GDP. What are the others? How is economic growth measured? "Over the past year, wage growth ticked up just 2.9%, which was lower than expected and the weakest annual growth since July 2018. "Over the same time period, inflation was 1.7% As a result, what was the "real" wage growth in the economy over the past year? How did you calculate it and what does it mean? "Following the jobs report on Friday, Fed Chairman Jerome Powell said the economy is in "a good place. Our job is to keep it there," he added.Do you think the U.S. economy will continue to grow? Why or why not? What examples can you provide to support your
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