Monday, April 5, 2010
Signaling Jobs Recovery, Payrolls Surged in March
Some positive news, for us seniors... The labor department reported that 162,000 jobs were added last month. This is the first time since the recession began that there was positive growth in the job market. This is the first sign that were moving in the right direction but by no means are we in the clear yet. In order for the job market to continue to move in the right direction the economy needs to add 100,000 jobs per month. The chief economist at RDQ Economics said "Every major industry, except financial services and information, showed gains in employment. From manufacturing to construction to retail, it really didn't matter. They're all hiring now." 40,000 temp jobs added, 27,000 in the health care, and 48,000 new census employees.
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2 comments:
It seems like March has been a good month for the level of employment. Since this is the first sign since the recession that there has been positive growth, I think that people will become more optimistic. People who want to be a part of the labor force but haven't been able to find jobs may be encouraged to find a job.
I agree that the opportunity of work should make workers more optimistic. However, starting out at the bottom again may be somewhat frustrating.
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