Indicator of the Week

Despite a sluggish economy, the U.S. unemployment rate for April fell to 5%, down .1% from March and .2% from February. Reason: the labor force is no longer growing because bad news has temporarily discouraged many people from looking for work. But the Administration expects that the number of people seeking jobs will inevitably rise again, not enough jobs will be created to employ them, and so the rate will go up some more later.

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