With employers adding 257,000 new job positions in the past
several months, the unemployment rate has increased by .1%. This increase is
not negative. The increase in jobs enticed Americans to participate in the
labor force and a greater portion are holding onto their jobs. Wages in the
market are also increasing. “To attract and retain quality workers, firms are
starting to have to offer raises that are higher than inflation.” With the
strength of the job market increasing, individuals are looking for politicians to
keep up with this trend going.
2 comments:
It's interesting to note that people depend on the government for economic stability or growth. Is it correct to wonder that maybe we should hold companies more accountable for our livelihoods? While they do not have responsibility over the public good, it is indisputable that they hold a huge amount of power and can very much determine our fate. Just something I thought of when I read this post.
Although employers have been consistently adding jobs to the economy over the last few years, the wages paid to workers has no increased at all. It is important that states increase their minimum wage, because as long as most wages remain stagnant, income inequality increases.
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