Monday, April 26, 2010
March jobs report shows growth
The growth rate for jobs for March, in the United States, was higher than any other month in the last three years. This hopefully is proof that the economy is going to continue to get better in the coming months and years. Although the job growth rate increased the unemployment rate remained at 9.7% which is high. The article goes on to explain that some of the jobs, around 50 thousand, were because of the census being this year and their hiring of people. President Obama is using this as proof that the stimulus package is working and that job growth rates will continue to increase. We will have to wait and see if that is true but as of right now it is a good sign that the rate of growth for jobs has substantially increased.
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The growth rate for March was higher than any other month in the last three years, yeah, but since this is backed up by a 9.7% unemployment rate, it means that people are still being layed off to keep the unemployment rate at a high rate. Jobs can be created, while at the same time, other companies can be destroying jobs. I feel this shows a mixed view on if the economy is improving or not.
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