The U.S. economy has been doing very well in terms of unemployment. In the month of November the economy added 203,000 jobs. It was predicted that 183,000 jobs would have payroll gains by U.S. economists. Unlike other months in 2013, this recent boost in the number of jobs has been more widespread. Business and Professional services added 35,000 jobs. The transportation and warehousing sector added 30,500 jobs. Manufacturers added 27,000 jobs and construction companies added 17,000 jobs. This unemployment rate in 2013 has been the lowest since 2008, and 2013 has been the best job creation year since 2005. Economists are positive about the year 2014. Some economists think that 2014 is going to be the year that really adds a lot of jobs and drops the unemployment rate.
I thought this article was appropriate because unemployment rate dropping can form public policy on certain issues. My personal opinion is that I feel positive about this recent boost in our economy. It is good to have a low unemployment rate so it's good when it is going down. I'm just not sure if this current economy will continue to lower the unemployment rate and create more jobs. Obamacare has been struggling and it could have a very big effect on our economy. I guess we'll just have to wait and see what happens in the next couple of years with Obamacare and other economic policies.
I think we will continue on a positive trend to decrease unemployment but with probable ups and downs.
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