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Hiring in the US drops as more Americans stop seeking employment

“The U.S. job market slowed in March as companies hit the brakes on hiring amid uncertainty about the
economy's growth prospects. The unemployment rate dipped, but mostly because more Americans
stopped looking for work. The Labor Department said Friday that the economy added 120,000 jobs in
March, down from more than 200,000 in each of the previous three months”, Paul Wiseman of the
Associated Press writes.

“The unemployment rate fell to 8.2 percent. The rate has dropped nearly a full percentage point since
August and is now at its lowest level since January 2009. But the rate dropped last month because fewer
people searched for jobs. The official unemployment tally only includes those seeking work. Despite the
pullback in March, the economy has added 858,000 jobs since December — the best four months of
hiring in two years”, Wiseman continues.

“A mild winter may have partially influenced the hiring in March. January and February were unusually
warm, which allowed construction firms and other companies to hire people for outdoor work several
weeks earlier than usual — effectively stealing jobs from March. The job market might face bigger
problems. Federal Reserve Chairman Ben Bernanke has warned that the economy is not growing fast
enough to sustain recent hiring gains. Many analysts are already scaling back their forecasts for
corporate profits in the January-March quarter because of weaker growth”, he adds.

For some months now – almost nearing its anniversary – the US has been plagued with threats of
economic destabilization: major companies closing down, premier stockholders withholding their stocks,
government owned and private banks closing, even some of the famed countries in Europe are having
troubles! Surely, the economic recession has put its toll on almost everything. With its vast effect on the
world, it probably won’t surprise you anymore if you’ll be seeing a couple of science fiction and fantasy
books that’s themed on how such dilemmas will make or break a character.

Also because of this recession, more and more people are finding it hard to enjoy the luxury of life; that
is, they tend to just settle to eat at home than at fancy restaurants as they are more likely to save
money. But why restrain yourself? The ever dependable gourmet food market is just right around the
corner – and with its help, anyone can cook up a feast that’s equally tasty and delicious as that of fine
dining restaurants but at a more budget-friendly price! And when it is your car that’s troubling you, you
need not visit your pricey car repair shop and have your flat tire fixed for hundreds of dollars: what’s a
great alternative would be to seek for a reasonably priced auto shop that offers auto restoration
services.

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Hiring in the us drops as more americans stop seeking employment

  • 1. Hiring in the US drops as more Americans stop seeking employment “The U.S. job market slowed in March as companies hit the brakes on hiring amid uncertainty about the economy's growth prospects. The unemployment rate dipped, but mostly because more Americans stopped looking for work. The Labor Department said Friday that the economy added 120,000 jobs in March, down from more than 200,000 in each of the previous three months”, Paul Wiseman of the Associated Press writes. “The unemployment rate fell to 8.2 percent. The rate has dropped nearly a full percentage point since August and is now at its lowest level since January 2009. But the rate dropped last month because fewer people searched for jobs. The official unemployment tally only includes those seeking work. Despite the pullback in March, the economy has added 858,000 jobs since December — the best four months of hiring in two years”, Wiseman continues. “A mild winter may have partially influenced the hiring in March. January and February were unusually warm, which allowed construction firms and other companies to hire people for outdoor work several weeks earlier than usual — effectively stealing jobs from March. The job market might face bigger problems. Federal Reserve Chairman Ben Bernanke has warned that the economy is not growing fast enough to sustain recent hiring gains. Many analysts are already scaling back their forecasts for corporate profits in the January-March quarter because of weaker growth”, he adds. For some months now – almost nearing its anniversary – the US has been plagued with threats of economic destabilization: major companies closing down, premier stockholders withholding their stocks, government owned and private banks closing, even some of the famed countries in Europe are having troubles! Surely, the economic recession has put its toll on almost everything. With its vast effect on the world, it probably won’t surprise you anymore if you’ll be seeing a couple of science fiction and fantasy books that’s themed on how such dilemmas will make or break a character. Also because of this recession, more and more people are finding it hard to enjoy the luxury of life; that is, they tend to just settle to eat at home than at fancy restaurants as they are more likely to save money. But why restrain yourself? The ever dependable gourmet food market is just right around the corner – and with its help, anyone can cook up a feast that’s equally tasty and delicious as that of fine dining restaurants but at a more budget-friendly price! And when it is your car that’s troubling you, you need not visit your pricey car repair shop and have your flat tire fixed for hundreds of dollars: what’s a great alternative would be to seek for a reasonably priced auto shop that offers auto restoration services.