A 162,000 job growth for the month of March was reported, giving signs that the job market is heading in the right direction. The 162,000 job increase followed a 14,000 job loss for the month of February. The labor market has begun to stabilize, but the unemployment rate still remains at about 9.7%. Analysts say that just like the weather was a factor in February for the job losses in this month associated with the winter storms in the East Coast, the good weather has bolstered jobs in March.
At least this is a good sign. It is surprising how the weather can be a factor for employment but as long as there is a n increase in the level of employment its good.
ReplyDeletethere have been more signs of a recovering market with the DOW getting as high as 11,000 on April 9, 2009. The DOW had not reached this figure since September of 2008.
ReplyDelete