Job Growth Up, But Less Than Expected, Economy Still Growing
Washington, D.C. -
According to the US Labor Department, the private sector added 119,000 jobs in April which support signs of continued economic growth and recovery, but it was less than the 175,000 jobs expected by many economist.
Manufacturing, service, financial and construction all saw gains, however, the overall number of new jobs was held down by the retail and government sectors which saw modest declines.
The economy has been growing with .4% growth last month and .9% in February reflecting what most believe which is come summer-time, the economy will pick up significantly as American begin to start spending their savings again and as more banks begin extending credit to those without excellent credit.
Men are seeing a faster hire rate than women over the last six months, but it was also men that saw the largest layoffs during the recession.