Strong job creation has been realized by the United States in the past month of February. While 310k jobs were added; the inherent wage increase is less than expected. 310k jobs is the most US jobs added in a month's time since June 2016. The stock market likes how wages remain low combined with this job increase . Also, despite these added jobs, US unemployment
stays at 4.1%. Many people are re-entering the employment market across all sectors and I feel comfortable entering the job market in the very near future, as apparently many firms are hiring.
4 comments:
I think this is interesting to note that policies by the Trump administration are actually promoting employment and optimism in the job market. However, the question remains of how sustainable these employment prospects are and if they are likely to fluctuate in the near future?
It would be interesting to see the differences in hiring patterns based on industry. For example the labor market in data analytics is highly underserved right now. These optimistic employment opportunities might be focused in certain areas.
I definitely agree with both Liz and Husnain here. The job market in general has been performing extremely well as the unemployment rate is almost the lowest its ever been. I'm not sure how sustainable this rate is, so I would not be surprised if it began to increase in the near future.
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