Jobs Rate in America


Jobs in America are increasing. According to statistics by the Labor Department 227,000 jobs have been added to the economy in February. The unemployment rate as it stands today is at 8.3% down from the higher percent in the last quarter of 2011.
Jobs added spanned the spectrum from government employment, to health care and manufacturing. The White House released a statement saying that the economy is healing. A report released by the Automatic Data Processing Inc. (ADP) along with the Macroeconomic Advisors LLC put out a National Employment Report indicated that the private-sector employment increased by 216,000 from January to February on a seasonally adjusted basis.
February’s gains show a continual three-month consistent gain in jobs, the most continual movement since second quarter of 2011. The Labor Department report also showed that the average hour per work week is also leveling out. On average people are working 34.5 hours, however little has increased in wage pay.
Financial analysts have noted that while the unemployment rate is decreasing, the journey back to a full time job for people long unemployed has been a long road. The construction industry has been one the hardest industry’s hit, as projects have been halted for lack of available funds to build.
The jobs rate has also been a major factor in the political scene across the country. As the unemployment rate falls, the better position President Obama is in for his fall reelection. On the other side, Republicans continue to point out a failed economy where spending has increased and little jobs have been created by the government. Republicans have also pointed to higher gas prices and the president’s inability to stabilize the economy. However, as the job rate increases, so does the president’s approval ratings, making it hard for his Republican contenders.


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