Unemployment rate low by 4.7 by Romana Schlesingerova

In spite of the lowering U.S. dollar, rising prices of fuel and recent collapse in housing business, the national civilian unemployment rate is still considered low, as by the new research of U.S. Department of Labor. The White House based the new report on the employment activity. Last weeks` statistics of the layoffs applications only approved its results. The number of people who have requested jobless benefits declined. The USA has still the largest and most technologically powerful economy in the world, which is characterized by having a high output along with low inflation and unemployment rates. However, the economies of all 50 states vary widely. California is the largest and most prosperous state and tops the league in terms of gross state product, but as a matter of fact one of its metropolitan areas, El Centro, shows the highest unemployment rate in the country. (20.8, adjusted Sept.2007, U.S. Department of Labor) The area with the lowest unemployment of 1.3 is now Idaho Falls, ID. It looks like nothing can really shake the fact that the Americans are a working nation, a land of opportunity waiting around every corner. Some statistics connected to the U.S. employment environment can be, thus, surprising. According to U.S. Department of Labor, more than half of the population 16 years and over works full time. Blacks and Hispanics are less likely than are whites and Asians to be employed in management and professional occupations or that the earnings of blacks and Hispanics are lower than those of Asians and whites. Finally, the prejudices against the woman in labor force seem to enhance. Women's labor force participation patterns are now more like those of men and their earnings have increased substantially as men's.

by Romana Schlesingerova for PocketNews (http://pocketnews.tv)

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