Jobs report: Unemployment rate falls to 6.3 percent

Jobs report: Unemployment rate falls to 6.3 percent

Unsurprisingly, the job growth caused a bit of celebratory optimism in the financial sector.

At last, there is good news for the United States economy. According to a report from CNN, unemployment was down across the country in April, falling to 6.3 percent from its rate of 6.7 percent a month earlier.

The falling unemployment rate was the product of a surprisingly hefty bit of job growth, with the economy adding 288,000 jobs during the 30 days of April. That number was huge, even by economists’ standards, and marked the biggest job boom to hit the United States in more than two years.

Unsurprisingly, the job growth caused a bit of celebratory optimism in the financial sector. Since the figure of 288,000 jobs was ahead of even the most optimistic predictions for the month, many people saw it as a sign that the economy was finally on its way back to a robust level.

Stocks rose almost unanimously on Friday, after the U.S Department of Labor announced the statistic, though the bump was temporary and most stocks had returned to their regular levels by the time trading closed for the weekend.

While the numbers were undoubtedly good news, economists have warned that the positive surge the job sector took in March could end up being an anomaly in the long run.

No economic growth or recovery is truly worth reading into until it is consistent and stable. However, as a portend of good things to come, the employment statistics from April are definitely welcome, and they could mean a prosperous summer if the growth trend continues in the coming months.

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