While it is highly debated, the unemployment rate has been at decade lows for the better portion of President Trump’s tenure. True to his nature, President Trump takes all of the credit for this performance, and many believe there are other factors at play. Regardless of the cause of this performance, there are more jobs available than people actively looking for work at this time. When thinking of unemployment, it is essential to understand that these metrics do not include those who are underemployed or individuals who have given up on finding work. The latter group is most likely in a transitionary period of developing new skills since there are undoubtedly many jobs available in all industries. With this said, Boston has an incredible job market for young individuals who are looking to begin a career. If you are currently looking for a new position in this area, you should consult with a woman owned employment agency in Boston.
Lowest Unemployment Rate in 50 Years
During June, United States employers added roughly 224,000 jobs to the economy. This is a surprising turn of events due to the relatively weak employment numbers experienced throughout May. These changes are most likely due to the changing sentiment about the trade war between China and the United States. If employers believe the cost of production will increase, they will be less likely to hire new employees. Since trade talks have resumed somewhat, employers have found themselves a little bit more at ease for the time being. Before July 4th, the S&P 500 and the Dow Jones Industrial pushed to record highs before the country celebrated its independence. It is not clear as to how long this bull market will last, but those able to participate are undoubtedly enjoying the ride. It will be interesting to see how unemployment performs throughout the rest of this year.