In 2014, more jobs have been available for U.S. citizens in the last two decades. There is excellent news for jobs seekers around the United States. Employers are more open to hiring people than firing them.
The disaster made by the Great Recession left thousands of people unemployed. The year that has just passed has been a wonderful one for the entire population. Surveys have shown that almost three million new jobs have been created last year. The Labor Department stated that the employment rate is at its lowest point in the last 7 years.
Moreover, most industries opened different posts for unemployed. Constructions, bars and restaurants offered more than 40,000 jobs while factories and manufacturers more than 15,000. In the last months, more than 200,000 jobs have been available for the unemployed. The top month is November with more than 350,000 jobs.
Even though the number of jobs has increased, the hourly payment has decreased. Many people gave up their jobs and their search for a better one because of low hour rate. Economists at Regional Financials believe that the unemployment rate fell because many people gave up job hunting. Because job searching and hourly payment decreased, the success achieved in November was nearly erased.
In this respect, American’s paychecks have been struggling to keep up with the inflation. Because oil prices constantly fluctuate and salaries are still low the inflation will not inexpertly rise. Since many believe inflation will not even target one percent, the Feds will not increase rates in the immediate future.
Regarding currencies, the dollar fell while debts for U.S. Treasury rose. After two stressful days, stocks lost one percent. Because of these factors, the Federal Reserve was expected to raise interest rates in summer pressuring the people.
Taking into account the hiring rate, most economists foresee that in 2015 there will be a three percent rise of the U.S. economy. That is the biggest growth in the last decade. Taking into consideration all data economy is set to a bright future this year.
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