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
- It Doesn't Have To Cost 6 Percent To Sell A Home
- Prep-Your-Place Pointers
- Understanding Yourself In 'The Age Of Overwhelm'
- What College Kids Need
- Elevate Your Holiday Meal With This Prosciutto Cranberry...
- Be Smart About Your Kitchen Sink
- Postal Service Tips For A Less-Stressed Holiday
- Get Ready For A Smart Home Three Ways
- How To Prevent A Multigenerational Home Thermostat War
- Rural Americans Face Greater Challenges In Accessing...
FROM AROUND THE WEB
- AI Meets Hip Hop in Innovative Music Partnership
- Medicare Plans Offer More Health And Wellness Benefits...
- The Ultimate Gift for Golf Gurus
- Black Friday Deals Abound for Orlando
- Digital Cash Can Aid Marital Money Management
- Veterans and Medicare: Myths Debunked
- Seven Mistakes to Avoid When Buying a New Mattress
- Low-Cost Internet Program Helps Connect Families, Veterans
- Making the Transition from House to Home
- Avoiding Dangers of the Flu for Older Adults
COLLEGE PRESS RELEASES
- Sage Corps Study Abroad Captures the Essence of Entrepreneurship
- ECFMG Launches Resource to Help Students Select a Medical School
- Backroads Accepting Applications for 2019 Trip Leader Positions
- Scholarships Announced by The Garden Club of America
- Score the Best Deals, Shopping and Entertainment with Amazons Prime Student
