Empirical Paper Assignment Research Example | Topics and Well Written Essays - 750 words

Empirical Assignment - Research Paper Example The rate however increased in five states and remained constant in 11 other states. Kentucky recorded the most significant percentage decrement, though the state’s unemployment rate remained above the nation’s average value. There were additional job opportunities in the state in October but some people also left their jobs, with retirees as examples of those who left their jobs. The lost jobs in Kentucky were however filled with new employees and not really lost from the economy. Kentucky recorded the greatest fall in unemployment rate with a deviation of 0.5 percent while four other states realized a decrease of 0.4 percent in their unemployment rates. Unemployment rates per state remained lower that national statistics in Rocky Mountain States. On the national level, unemployment rate reduced by 0.1 percent, from 5.9 percent in September and this resulted from creation of 214000 new jobs. The report includes states’ unemployment rates for September and October of the year 2014 and for the month of October 2013 (Sparshott 1). The author’s statistics are reliable because data and generated graphs from FRED support them. Below are graphs of two indicators of employment rates, as retrieved from FRED databases that support the author’s report. The graphs, inteprated together, offers information that is consistent with Sspartshott’s report and therefofe support the author’s viewpoint. From graph 1, it is evident that employment rates have been increasing, steadily, over the past one year. Consistency in the increament can be used to forecast further increament to october and the rest of the months in the year 2014. Consequently, it can be concluded that the number of employments in the private sector improved from its value in September 2014 into October 2014. The graph of number of employment in the public sector is however unstable and suggests a decrease in employment rate from September 2014 to October 2014. Rate of