Post Classifieds
Decreasing Unemployment Boosts Confidence
The United States economy added 165,000 jobs in April and the unemployment rate fell slightly to 7.5 percent, according to the Bureau of Labor Statistic's April employment report released May 3.
Sectors that had the biggest gains included professional and business services at 73,000 jobs, food services at 38,000, retail at 29,000, and health care at 19,000.
BLS economist Sutton Putlia, a retail specialist, thinks there could be more job growth in the sector next month. A cold spring delayed the demand for building materials and garden supplies, she said.
The other largest change was a revision of the March job figure. Originally estimated at a disappointing 88,000, this month's report changed the figure to 138,000.
The average work week fell from 34.6 hours in March to 34.4 hours in April, and 11.7 million people are unemployed, according to the report.
Despite these negatives, junior accounting and finance major Matt Koller thinks the report is a positive indicator for the economy, in part because the unemployment rate is at a four year low.
Senior economics major Brent Ascher said the improvement was a good sign. "It's improvement but it's slow," he added.
Get Top Stories Delivered Weekly
Recent The Munch News Articles
Discuss This Article
GET TOP STORIES DELIVERED WEEKLY
FOLLOW OUR NEWSPAPER
LATEST THE MUNCH NEWS
RECENT THE MUNCH CLASSIFIEDS
OUTSIDE THE LINES
- A Story To Sing About
- The Gap in Gum Care: Why Caring For Your Teeth’s F...
- Top Tips for Signature Scents and Better-Smelling Laundry
- A Dog Trainer’s Top Tips to Support Pets Through Life S...
- Clear the Air of Indoor Pollutants This Spring
- Stroke & Dementia in Black Men: Tips for Staying Healthy...
- Hispanics and African Americans at Higher Risk for Eye...
- African Americans at Higher Risk for Eye Disease
- Infinity Kings: Final Book In A Favorite Fantasy Series
- What You Need To Know About Keratoconus and the iLink...
FROM AROUND THE WEB
- Don’t Let Diabetes Shortchange Your Golden Years
- No Child is Forgotten By Marine Toys for Tots
- Sweeten Your Springtime Salads With Healthy Chilean Grapes
- Young Author Translates 4,000-Year-Old Text to Reveal...
- Keeping Cool and Energy-efficient Amid America’s “...
- Addressing Sarcopenia with a Healthy Diet
- Subway’s New Wraps Elevate Eating on the Go
- Family Teacher Conference Topics Beyond Academics
- Youth Take Down Tobacco
- BookTrib’s Bites: Four Reads to Kickoff Spring
COLLEGE PRESS RELEASES
- Shoff Promotions Comic Book & Sports Card Show
- Semiconductor Research Corp unveils 2024 Research Call, $13.8M Funding
- Charles River Associates Opens Second Scholarship Cycle, Expands to the UK
- BLUMHOUSE AND AMC THEATRES LAUNCH FIRST-EVER HALFWAY TO HALLOWEEN FILM FESTIVAL
- THE GEN Z IMPERATIVE: LISTEN TO FEELINGS AND GIVE GEN Z A VOICE
