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Video: Why's Unemployment So Low? |
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Contributed by J. R. Ransom
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 Jim Jubak Video (2min 2 sec) Jim Jubak: Why's Unemployment So Low?. The unemployment rate is below 5%, low for such a seemingly weak economy. There are two possible reasons why, says MSN Money's Jim Jubak: A lag in the official numbers and changes to traditional ways Americans work full-time and part-time jobs.
"The real puzzle in this recession or 'near-recession' is that, while it may feel like a recession to many people in the economy, the official numbers don't show it. We've still got unemployent below 5%. That's an extraordinaryily low number if the economy is really as bad as the economy feels to many people.
"So, why? Well, I think there are two possibilities. One possibility is that there is a lag in the numbers - that the official numbers don't reflect the real state of the economy..."
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