The number of jobs in the economy has increased by over 200,000 for each of the last three months. However, the unemployment rate did not decrease, because people have returned to the labor force. This increase looks good for the economy and Obama, although Republicans are arguing that Obama is slowing the growth. Economists are hopeful, but Ellen Zentner points out that the economy seemed to be recovering at this time last year. She says that if these trends continue past April, she will relax. Economists also pointed out that growth needs to be stronger and last longer to significantly effect the unemployment rate. Some of the long-term unemployed people are beginning to see a difference, although others are only able to find part-time or temporary work.
Mitt Romney has said that Obama has failed since the unemployment rate has not been below 8% for 37 months. The household surveys also show that the economy seems to be recovering. The final point the article makes is that there are now more people looking for work because they quit their job or are returning to the labor force than because they were fired. This is definitely a good sign for the economy.
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Many positives are revealed in this article, which gives Americans hope and encouragement for the future economy. A surge in consumer confidence, growing strength in manufacturing, and more jobs in the economy bring happiness to everyone. With the increase in consumer confidence, firms could begin to invest into the company, which could also provide more jobs for Americans. Also, having more education catered to specific careers could help to sustain growth in the economy by having more knowledgeable employees. Even though the economy is not exactly where it is supposed to be or should be yet, the future is looking good and gives us hope. We just have to stay informed and up to speed on what is going on in the economy and what innovations or changes to make in certain circumstances.
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