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 Thrilling Book Trilogy And More—Megalomaniacs Battle Z...
- Celebrate Oyster Season In The Heart Of South...
- Lucky’s Legacy: 5 Important Lessons TurfMutt Taught Us
- Putting An End To Polio
- Foodies Flock To Old World Pepperoni℠ And Spark...
- Exciting Changes Coming To The Advanced Placement Program
- The U.S. Military Uses Laser Vision Correction For...
- Meeting The High Cost Of Higher Education
- Turning The Page On Summer With Four Gripping Reads
- An Out-Of-This-World Collectors’ Edition
FROM AROUND THE WEB
- Transforming Your Under-Stair Space
- Escape to the Caribbean for Stress-Free Holidays
- Virologist's Book Warns of Coming Lethal Flu Pandemic
- Copper Can Help You Cope with Colds
- Helping Manage The Cost of Asthma And COPD Inhalers
- Yes, There May Be A Positive to Come Out of the Student...
- Eco-Smart Company Keeps Landfills Free of Old Textile Fibers
- 5 Tips for Balancing A Career and Caregiving
- Sun Safety: UV Rays Don't Discriminate
- Don't Miss These Signs of School Bullying
COLLEGE PRESS RELEASES
- Take on Bar Trivia with Geeks Who Drink Presents: Duh!
- Colleges Failing to Prepare Students for Careers and Citizenship
- Shoff Promotions Comic Book & Sports Card Show
- Its Crunch Time 3 Last Minute Tips for Saving on Textbook Costs this Semester
- Ready for the semester? Get schooled on MenB among college students
