1. There has been a return to growth, and unemployment is falling. 2. Yet general prosperity was rising too, and unemployment was falling anyway. 3. New figures show spending on social security in Britain will rise by nearly fourteen billion pounds by the turn of the century even if unemployment falls. 4. Unemployment has fallen to its lowest level for almost a year. 5. They also agree that unemployment will not fall this year. 6. At home the economy grows, unemployment falls, prices are stable. 7. Both countries have large trade surpluses, and as a global economic growth gathers momentum, the markets for their goods increases and unemployment falls. 8. But if unemployment falls a little further, analysts will be in a better position to determine if the natural rate has really taken a permanent nosedive. 9. Economists generally hold that when unemployment falls below a certain level, competition for workers will begin to push up wages and prices. |