According to CNNMoney.com's latest monthly jobs report, the job market has continued to improve. March 2011 statistics indicate that the unemployment rate dropped down to the lowest percentage since March of 2009, at 8.8%. It has dropped a full point in the past four months alone, an encouraging statistic for job seekers nationwide. The number of new jobs is also up, with the economy gaining 216,000 jobs in March - higher than CNNMoney analysts predicted and a serious improvement of 22,000 jobs over the number of new jobs added in February.
Though public sector employers cut 14,000 jobs last month, mostly at the local government level, private businesses added 230,000 new jobs in March. Private businesses have added more than 1.8 million jobs in the past year, with almost one-third of these added in the last three months alone.
"…the labor market appears to finally be picking up," said the director of macroeconomic analysis for The Conference Board.
These statistics are encouraging. True, they may not be moving as quickly as some would hope, but the trends are moving in the right direction and that should give cause to hope for a brighter financial future for people throughout the U.S.
Jacoby & Jacoby is a Long Island bankruptcy law firm committed to helping borrowers throughout the area who are dealing with the repercussions of the recession, unemployment or demotion. Job loss and overwhelming debt may leave a borrower in a situation where bankruptcy may be the best option to get a fresh financial start. To discuss your unique financial situation and whether bankruptcy or some other form of debt relief may be right for you, please contact the firm today to schedule a confidential consultation and review of your case. The firm is dedicated to professional, knowledgeable counsel.
Contact a Long Island bankruptcy attorney at the firm today.