Unemployment rates for 2013 are
lower than they have been since 2008. With the addition of 203,000 jobs in
November, unemployment fell to only 7%, the lowest it has been in five years. This job growth suggests strong economic
expansion, especially considering that the sectors where jobs were created are
not all low-paying. “The sectors that saw the strongest
jobs gains in November were transportation and warehousing, which added 31,000
jobs; health care, which saw 28,000 additional jobs; and manufacturing, which
added 27,000 jobs. The labor force grew by 455,000 in November, following a
720,000 decline in October that was partly caused by the government shutdown” (Politico). This job growth comes as a surprise
to many economists who assumed that the government shutdown would negatively
affect the economy and employment rate. Tell us in the comments: Has your
company increased hiring
in late 2013?
For more information, click on the links below:
For more information, click on the links below:
http://www.politico.com/story/2013/12/november-2013-unemployment-numbers-100780.html#ixzz2mjLDW2eH
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