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| Topic: |
Business
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| Number of pages / Number of words: |
6 / 1590 |
Essay's paper body
Unlike the payroll employment data, which is a coincident indicator of economic activity (it changes direction at the same time as the economy), the unemployment rate is a lagging indicator". (http://mortgage-x.com/general/indicators.asp)
The government does not survey every single household in the country to determine the current number of people employed and unemployed...
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A cross-section of about 60,000 households is used to determine the national average.
The current unemployment rate is 6.64% for September. Recognizing the social welfare programs and unemployment insurance impact on these numbers, they are still higher now than a year ago. The historical data for the past year shows an increase of about 1% since November 2003...
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