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A Case Study: The Unemployment Rate - February 6, 2004
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A Case Study: The Unemployment Rate - February 6, 2004 Date of Announcement February 6, 2004 Dates of Future Announcements March 5, 2004 Key Economic Indicators as of May 4, 2004 Inflation CPI decreased by .1% in January 2004 Unemployment 5.7 % in December 2003 Real GDP + 4.2% annual rate of increase 1st quarter, 2004 Productivity + 6.8% annual rate of increase 2nd quarter, 2003 International Trade The trade deficit increased in July. Federal Reserve The Federal Reserve Board did not change monetary policy. (Click on an indicator above to be directed to most recent case study.) Unemployment Rate falls to 5.6 percent. Employment increases at a slightly faster pace. An increase of 112,000 jobs. Announcement The unemployment rate for the month of January was 5.6 percent, a small decrease from the 5.7 percent in December. Total employment rose by 112,000 in January. The relatively slow increase in employment has received the most attention in the news, even though it was more rapid than the 16,000 (revised) increase in...
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