Jobless Rate Falling Faster than Predicted

  • BGSS & Co
  • Jobless Rate Falling Faster than Predicted
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Three years into economic recovery, fewer people are now looking for jobs. Originally, experts predicted that the economy would need to add at least 150,000 a month to keep up with population and labor growth. However, in recent months over 200,000 jobs have been added monthly. Further, the unemployment rate could drop down to 7% by 2013, exceeding the previous expectations of 8.5%.

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