The United States Job Market continues to impose its will on other aspects of the US economy. The unpredictability of the jobs market since the recession in 2008 has caused fluctuating stock prices in the United States. This trend does not appear to be stopping any time soon.
A report from Bloomberg.com released today shows that stock prices continue to fluctuate as the reported gross domestic product (GDP) rose by less than forecast, even as jobless claims fell more than expected. From the article:
““There were no real surprises here,” E. William Stone, chief investment strategist at PNC Wealth Management in Philadelphia, said in a telephone interview. His firm manages about $115 billion. “The economic numbers tell you that the pace of recovery is still sluggish. But they also give you signs that the recovery may be more durable.””
GDP was expected to climb at a 0.5 percent rate, while it actually grew at just 0.1 percent.
This is all going on while jobless claims continue to fall in the correct direction. The report states that jobless claims declined by 22,000 to 344,000 for the week ended 2.23. This is a huge difference over the predicted 360,000 claims by Bloomberg economists.
Unemployment insurance has also seen drops, now at its lowest level since June 2008.
While these are all encouraging numbers, the job markets unpredictability is still a major factor in determining just which way the economy is headed. While recent months have shown promising growth, this needs to become a sustainable process in order to really get Americans working again.
Markets like the S&P 500, and NASDAQ, are trading at some of their highest levels ever recorded, a somewhat telling sign of the economy as a whole.
As jobless claims continue to fall, more Americans are working again. When more Americans are working again, spending goes up. It’s a vicious cycle that drives the economy, and it is one that will never stop. This cycle, however, always begins with Americans WORKING.
At Crossroads Consulting we are doing our job in order to help you get working again, and drive that GDP to where America wants it to be. With over fifty job postings from around the Nation we are looking to fill TODAY, we need your help in filling them.
As a company we understand the grind that some of you out there are going through, and understand that it’s easier to get knocked down, than to get back up again. Many Americans, (too many for our liking), have been knocked down since the recession hit, and are finding it harder and harder to get back up. At Crossroads Consulting we want to offer you that hand that helps pull you up off of your back. With a recommended resume service, and interview preparation, as well as a no-nonsense attitude when it comes to getting YOU working again, we’re here to help.
Remember, at Crossroads Consulting we’re putting the ‘human’ back into ‘human resources.’