Monday, April 5, 2010

March jobs report shows growth

According to the government report, the U.S. economy gained more jobs in March than any other month in the last three years. This sounds very encouraging, and it's definitely a good news for everyone!
However, more jobs does not mean less unemployment rate right away. Although more jobs have been created, it will take some time for the unemployment rate to drop. Moreover, some economists had feared that most of March's gain would be due solely to Census hiring.
Looks like there is still a long way to go before the unemployment rate falls to normal, but this is definitely moving in the right direction.

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