Economic Optimism

Economists are feeling cautiously optimistic following the release of the Employment Situation Summary by the Bureau of Labor Statistics. Examining the month of April for economic health and well-being, the U.S. has, again, shown growth. April marked the 79th consecutive month of growth. This is the longest streak in history.

  1. Earnings have risen. Average earnings rose in April by 7 cents per hour.
  2. In spite of the online retail boom, retailers added jobs this past month.
  3. Unemployment has lessened. The U.S. has been adding nearly 200,000 jobs per month, on average, for the past 79 months. The unemployment rate fell to 4.4 percent. It has not been lower since May 2007.

Additionally, the labor force participation rate (LFPR) has fallen this April in line with a significant downward trend since 2010. The LFPR measures the share of the population that is either working or actively looking for work. However, this change may not necessarily be bad. A fall in the LFPR was expected as the “baby-boomer” generation aged into retirement.

Overall, things are looking up, but economists still anxiously wait to see what May will bring.

Anna Graff

1 comment :

  1. Hello Everybody,
    My name is Mrs Sharon Sim. I live in Singapore and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family, i was in need of a loan of S$250,000.00 to start my life all over as i am a single mother with 3 kids I met this honest and GOD fearing man loan lender that help me with a loan of S$250,000.00 SG. Dollar, he is a GOD fearing man, if you are in need of loan and you will pay back the loan please contact him tell him that is Mrs Sharon, that refer you to him. contact Dr Purva Pius,via email:{} Thank you.