The March jobs report seemed to lower the probability of a housing led recession later this year, which the former head of the Federal Reserve, Allan Greenspan, has put as high as one in three. The low unemployment rate and the strong jobs growth also lowered the possibility of a cut in interest rates anytime soon.
Extra Credit: Explain how the Bureau of Labor Statistics came up with a 4.4%. unemployment rate in March. Use the actual numbers in the Employment Situation Summary to illustrate. If you are the first student to send me an e-mail (email@example.com) with the answer, you will be rewarded with two extra credit Discussion Board points. Only two points extra credit per student can be earned in any given week from the blog questions.