Along with the housing market, the job market has seen an increase since the
beginning of the year. According to the LA Times, the Labor Department said
that 236,000 jobs were created in February, which was more than was expected.
It’s been reported that job growth has averaged 205,000 monthly since
October. The unemployment rate is down to 7.7%, which is the lowest point since
President Obama first took office.
The construction sector was the first to see an increase, adding 48,000
jobs. Real estate and office leasing followed by adding 9,000 positions. The
manufacturing industry has seen a large increase, and architectural and
engineering firms have seen payroll gains.
James R. Blake, an executive committee member at the American Institute of
Certified Public Accountants believes that despite the fact that the recession
isn’t over, he “believes that the worst may be over. Businesses will be moving
forward and making decisions.”
The increase in the job market is important for our economy, and for our
citizens. It’s almost graduation time, where students leave the safety of
higher education behind and try to find their place in the working world. With
the job market increasing, there may be more jobs available for these students,
especially in engineering, manufacturing, and development.
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