May 5, 2017

TO NOT HAVE A JOB YOU HAVE TO BE UNWILLING TO WORK:

The U.S. Job Market Is On A Historic Growth Streak (Ben Casselman, 5/05/17, 538)

April marked the 79th straight month of job growth, by far the longest such streak on record. The U.S. has added 15 million jobs over that period, nearly 200,000 per month. When the streak began in October 2010, the unemployment rate stood at 9.4 percent, and it would have been higher if government economists counted the millions of Americans who had stopped looking for work; today, the unemployment rate has fallen so far that many economists question how much lower it can go.

Perhaps more remarkable than the recovery's length has been its resilience. Time and again, one or two weak months of hiring have sparked fears that the recovery was nearing its end; time and again, job growth rebounded. The past two months are a good example: Hiring slowed sharply in March, when employers added just 79,000 jobs, but quickly rebounded in April.

Posted by at May 5, 2017 5:14 PM

  

« IT'S NOT EXACTLY BJ AND THE BEAR: | Main | THE MOST IMPORTANT REASON IS #5: »