March Employment Spike Best In 3 Years
04/02/2010
It's the highest number of new jobs for a month in three years.
While unemployment held steady at 9.7 percent, representing 15 million people out of work, the employment figure is evidence the economy is recovering and government leaders are encouraged, yet remain cautious, about what's ahead.
"While this is the most positive jobs report we have had in three years, there will likely be bumps in the road ahead," wrote Christina Romer, chair of the Council of Economic Advisers, on the White House blog.
Revised BLS estimates now show a small job gain in January and a smaller job loss in February than previously reported. For the first quarter of 2010 job growth averaged 54,000 per month, noted Romer, which she said is a "dramatic change," from a year ago when average job loss was 753,000 a month.
"The monthly employment and unemployment numbers are volatile and subject to substantial revision. Therefore, it is important not to read too much into any one monthly report, positive or negative. It is essential that we continue our efforts to move in the right direction and generate steady, strong job gains," she wrote.
The employment gain was about half of what industry watchers expected, according to Forbes, which said Census figures predicted 200,000 jobs.
Project Announcements
Bosch Expands Lincolnton, North Carolina, Operations
06/02/2023
Little Leaf Farms Establishes McAdoo, Pennsylvania, Greens Production Complex
06/02/2023
Swiss-Based Sulzer Pumps Solutions Plans Easley, South Carolina, Operations
06/01/2023
Finland-Based ADMARES Plans Waycross, Georgia, U.S. Manufacturing Plant
06/01/2023
Toyota Plans Georgetown, Kentucky, Electric Vehicle Operations
06/01/2023
Ranger Design Establishes North Charleston, South Carolina, Operations
05/31/2023
Most Read
-
37th Annual Corporate Survey: Economic Pressures Exerting Greatest Effect on Decision-Makers
Q1 2023
-
Is a Flurry of Fads Shaping Economic Development Policy?
Q2 2023
-
Nearshoring — North America’s Next Factory
Q2 2023
-
Front Line: Water Supply Increasingly Affecting Location Decisions
Q2 2023
-
Life Science Conversions in Real Estate
Q2 2023
-
First Person: Labor Crunch in the Construction Industry
Q2 2023
-
Companies Are Recalibrating Their Priorities
Q1 2023