The nonfarm payroll employment along with the unemployment rate of 5.9 percent has remained relatively unchanged in the month of August. The latter has remained high during the last few months, indicating that the stock market has fallen since May. If an economy has full employment, meaning if unemployment does not go beyond 4 to 5 percent, economic growth and output are achieved as a result. Anyone who wants a job would be able to obtain a job under these favorable circumstances. Because labor is considered a resource, unemployed labor would mean loss of production and inability to use its limited resources. The United States economy has not been able to maintain full employment partly due to a rapid, technologically changing environ
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