U.S. Economy and Unemployment Rate (Editing Sample)
The task was to provide editing services to an already done paper titled 'U.S ECONOMY AND UNEMPLOYMENT RATE'. The paper itself was about the current status of unemployment in the united states and the possible measures towards stabilizing the economy of U.S accordingly.source..
U.S ECONOMY AND UNEMPLOYMENT RATE
U.S Economy and Unemployment Rate
The U.S government has eased the worries of economical slowdown by stipulating that the job market had recovered back. With reference to the Department of Labor, more than 223, 000 new positions had been created, hence diminishing unemployment by 5.4%. A report supporting this recovery was equally made a U.S RBS economist Guy Berger. Prior this report, economists had predicted elevation of hourly wages by 0.2% which was to mark the end of recession period, however it elevated by 0.1% in April. A common agreement saw Fed being shifted from June to September, in the aim of affirming central bankâ€™s efforts. According to Berger salary increment would not typically entail rise in rates, but develop confidence accordingly. If such pace is going to be maintained, it is likely that the rate of joblessness will diminish by at least 4.9 by end-year. Participation rate is yet another significant indicator of marketâ€™s overall health, which for some years has jammed, which had been equally depicted in president Obamaâ€™s policies of economy.
Both demographic and economic forces have been termed by Fed policy as watching the participation rate at a close range. With housing sector being healthy, construction has gained momentum where more builders have been contracted, hence hiring more workers. Equally, more than 62,000 positions have been added within business and professional services. Healthcare is yet another sector that has attained close to 125,000 new positions in a 3-month span. However, energy firms have been forced to retrench a significant number of their employees, loosing more than 10,000 jobs in a 1-month span. In conclusion, the government...