Payrolls Rise in March as the Economy Starts to Recover

There is finally some good news on the employment front. Data from the Labor Department showed that payrolls rose steeply in March, the third increase in the last five months.

Data showed that Payrolls rose by 162,000 last month as the economy recovery picked up pace and employers showed more confidence. This is the largest increase in payrolls since March 2007, and the report was welcomed by President Obama, who said it was the best news in the last two years. [Read more…]

Labor Market Shows Signs of Recovery as Jobless Claims Fall

As predicted by analysts, first time jobless applications declined in the week ending March 13 to 457,000 according to the Labor Department. The decline continues the trend that was established two weeks ago, with the job markets picking up and signs of new hiring emerging in several industries. However, a large number of people are still receiving unemployment benefits, which is a cause for concern. [Read more…]

Average Hourly Wages Have Risen by 1.9%

There is some good news for the economy. Even though the unemployment numbers have not shown a positive trend for a long time now, the wages are steadily rising, getting more money into the hands of consumers.

According to the recently released government’s monthly job report, the average hourly wages have risen by 1.9% over the past one year. In another analysis done by TrimTabs Investment Research, it was found that the wages and salaries have grown by 0.7% in February compared to the same period last year. [Read more…]

Job Cuts Data Shows Improvement

There’s good news for the economy as it continues on its path to recovery from the worst recession since the 1930s. ADP Employer Services, a payroll processing company, has announced that February saw only 20,000 job cuts, which is a major improvement from the 60,000 cuts seen in January. It is also a 77% improvement over the job cuts seen in the same month last year. [Read more…]