- It just occurred to me I neglected to mention March’s jobs numbers, which showed the highest monthly growth in three years, with a net gain of 162,000 jobs for the month. While we’re certainly not out of the woods when it comes to the economy, the fact that our economy is creating jobs is certainly a good sign. In fact, a quick look at the graph below shows job losses have been slowly but steadily shrinking since President Obama was sworn in as president in 2009.
- In other news, for the first time in 18 months, the Dow Jones Industrial Average closed above 11,000 points. The last time the DJIA closed above the 11,000 threshold was on September 26, 2008, days after the collapse of Wall Street investment bank Lehman Brothers triggered a global financial meltdown that led to global recession.
3 thoughts on “Economic news & notes”
Comments are closed.
Hate to rain on your parade but I think you neglected to mention a good number of those March jobs are temporary Census workers.
Granted, but those temporary jobs alone don’t account for all 162,000 jobs created. What’s more, job losses have slowly but steadily been decreasing each month since President Obama took office.
“Rising jobless claims add worries about recovery” http://finance.yahoo.com/news/Jobless-claims-jump-in-rb-505686255.html?x=0&.v=1
I know you conceed that we are not out of the woods yet, and the major bleeding of job losses have declined (for now?), but I caution against some of the overconfidence that our economy is no longer shaky (I’m looking at you Newsweek).