Great Again? April Hiring Picks Up After Dismal First Quarter

InvestmentWatch

investmentwatchblog.com / BY IWB· MAY 6, 2017

by Robert Carbery

Hiring increased in April, encouraging signs that the economy is rebounding after a slogging first quarter. Strong gains in business services and healthcare have helped the economy expand into the Spring months of 2017.

Will there be more or similar growth to come in May and June? With unemployment this low some are suggesting that wage increases could continue as competition increases for a smaller and smaller labor force. This April jobs report will likely lead to the Federal Reserve raising interest rates again when they meet in June. Still, many forget that the unemployment rate is not a true number of the actual unemployed or a signal of the health of the job market or economy as it does not include those who have dropped out of the workforce entirely.

The Labor Department reported 211,000 added jobs in April after just 79,000 added in March. This pickup seems to prove many economists’ claims that the Q1 slow start was just that, a slow start, a blip on the radar. Many foresee 3% or more growth in Q2 and maybe more

Read more ... source: The Bitcoin Channel

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