Monday, December 5, 2011

Economic Progress?

Recent data shows the unemployment rate has fallen to 8.6% in the last month, a drastic decline from 9.0% and the quickest decline since 2000. This evidence, along with the increasing number of loans given out by banks, suggests that the economy may be entering a pick up. With more jobs comes more consumption and with more loans comes a greater money supply and thus a lower interest rate, encouraging investment. Both these potential future increases in consumption and investment would increase the level of GDP.

http://curiouscapitalist.blogs.time.com/2011/12/02/american-unemployment-falls-to-8-6-amazing-news-but-is-it-a-game-changer/

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