The construction, other services and manufacturing sectors have shown declining unemployment rates over the year. (localresumeservices.com)
The mechanism, according to traditional economic theory, is rising wages and declining unemployment rates. (sciencemag.org)
Fed Vice Chair Stanley Fischer suggested that inflation may be about to increase while affirming his belief that the Phillips Curve — the inverse relation between unemployment and inflation — is still is worth watching after six years of declining unemployment and flat to falling inflation. (indexologyblog.com)