US Unemployment Rate falls to 4.4%! - U2 Feedback

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Old 04-06-2007, 12:42 PM   #1
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US Unemployment Rate falls to 4.4%!

U.S. employers ramped up hiring in March
Solid 180,000 jobs created; unemployment rate hits a five-year low

WASHINGTON - Employers ramped up hiring in March, driving the unemployment rate down to 4.4 percent, matching a five-year low. It was a surprisingly strong performance in an economy that has otherwise shown signs of sluggishness recently.

The new snapshot, released by the Labor Department on Friday, also showed that employers boosted their payrolls by a strong 180,000 in March, the most since December. Workers’ also saw their paychecks get bigger. The fresh figures suggested that companies are not feeling a need to dramatically clamp down on hiring in the face of the slower overall economic activity and the deep housing slump.

“There’s been worry that housing troubles would seep into the rest of the economy and hurt jobs but that is not happening now,” said Bill Cheney, chief economist at John Hancock Financial Services. “This says employers are finding that they need people and when they need people they hire them. These are good, healthy numbers,” he said.

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Old 04-06-2007, 01:01 PM   #2
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Great, it will have some good influence on our growing economy.

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Old 04-06-2007, 01:11 PM   #3
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it's all George Bush's fault that the unemployment rate is down
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