Economic Indicator: GDP Assignment
During October 2023, the unemployment rate in the United States was 3.9%, a modest
increase from the 3.8% of the month prior (U.S. Bureau of Labor Statistics, 2023a). Despite this,
the unemployment rate remains exponentially lower than the predicted 4.6% from December
2022 (Lahart, 2023). Throughout October, approximately 150,000 jobs were added, significantly
below the monthly average of 258,000 over the past 12 months (U.S. Bureau of Labor Statistics,
2023b). One reason for the lull in employment is a result of the Autoworker strike, where nearly
References
Lahart, J. (2023, November 3). The Improbably Strong Economy. WSJ.
https://www.wsj.com/economy/jobs/the-improbably-strong-economy-a5c6bc38?
mod=Searchresults_pos3&page=1
U.S. Bureau of Labor Statistics. (2023). Civilian unemployment rate. Bls.gov; U.S. Bureau of Labor
Statistics. https://www.bls.gov/charts/employment-situation/civilian-unemployment-rate.htm
U.S. Bureau of Labor Statistics. (2023b). The Employment Situation - September 2023. In Bureau of
Labor Statistics (pp. 1–2). Bureau Of Labor Statistics.
https://www.bls.gov/news.release/pdf/empsit.pdf
CES Strike Report: U.S. Bureau of Labor Statistics. (2023, October 27). Www.bls.gov.
https://www.bls.gov/ces/publications/strike-report.htm
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