[quote=EconProf]More good news today resulting from the strong economy:
Unemployment rate fell from 4% to 3.9%
157,000 new jobs. (This is slightly below expectations, but past months’ figures were revised upward by 96,000, so total gain is 253,000).
Big increase in workers moving from part time to full time.
Number of officially unemployed, defined as out of work and actively looking for work, declined by 284,000.
The “quit rate”, voluntary separation by employees, highest in recorded history. This indicates workers’ confidence in finding another job.[/quote]
Great job continuing the trends of the prior administration. It would be nicer if new jobs could match any of the numbers from the previous 5 years, but still, overall, a pretty decent report.
