March jobs report shows growth

More postive news on the economic front as the U.S. economy continues to grow at a snails pace. Of course growth cannot come fast enough for some, but there is a light at the end of the tunnel.

I have said many times in the past that the U.S. economy will never be what is was between ’98 and ’07, where we all must get used to the idea that life will be moderate at best. The problem is that some of us have become too comfortable and too much in debt to muster such a slow economic rebound. I have read via blogs and have had comments from everyday Americans that the economy is not bouncing back fast enough, where I say, it never will get used to it! Our reliance on the U.S. economy bouncing back is soley to faciliate all the debt we have all accumulated. I say, manage your business better because the U.S. economy will take a significant amount of time to get back to some semblance of normallcy. Do not expect things to get as good as they were. It is mathematically impossible. Those days are over. Become better managers of your personal lives as well as your business lives. Dave Ramsey talks about it all the time…take his advice if not mine.

Read this article

By Chris Isidore, senior writerApril 2, 2010: 10:59 AM ET

NEW YORK (CNNMoney.com) — The U.S. economy gained more jobs in March than any other month in the last three years, according to a government report released Friday.

The Labor Department said the economy gained 162,000 jobs in the month, compared to a revised reading of a 14,000 job loss in February. That makes March only the third month of gains since the recession began.
Economists surveyed by Briefing.com had forecast a gain of 184,000 jobs. But despite missing forecasts, the March number was generally not seen as a disappointment by economists, because revisions in January and February readings added a combined 62,000 additional jobs.

The unemployment rate remained stubbornly high, holding steady at 9.7%, matching economist expectations.

“The third increase in jobs in the past five months indicates that the labor market has begun to stabilize,” said Sung Won Sohn, professor at California State University Channel Islands. “However, a sustained gain in employment is some time away.”

Read more at CNNMoney.com

Leave a Reply