Looking at data from previous downturns, a
large drop in unemployment rates after six months — and the drop this year is comparatively large — usually signals the beginning of a genuine recovery in the graduate jobs market that lasts another year, or sometimes two, and then levels out as the jobs market finds a new status quo.
A drop in the unemployment rate to a 16 - year low raises a tantalizing question about the job market: How much better can it get?
The drop in the unemployment rate was primarily due to a drop in the labor force participation rate, which fell to a 2016 low of 62.6 percent, a level near a four - decade low.
The change, he says, is due in part to
a drop in the unemployment rate, and can also be attributed to policy changes that Maryland has made such as the increase in «hunger free schools» in the state — those that provide free breakfast and lunch to all of their students throughout the school year.
Promising economic signs of
a drop in the unemployment rate and cheaper gasoline failed to help the president's party, which typically loses seats in midterm elections.
Indeed, there has been improvement during his six years in office, including the addition of 29,500 jobs and
a drop in the unemployment rate.
And half
the drop in the unemployment rate can be attributed to a shrinking workforce, which reflects a stagnant population base.
McChristian said car insurance rates are rising all over the country, especially in the Southeast, and she cited
the drop in the unemployment rate as the main reason why crashes are increasing.