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Unemployment Rate the Lowest It's Been in 7 Years

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    April was a great month for the American economy. Businesses added 223,000 new jobs and the unemployment rate dipped to 5.4%, which is the lowest rate it's been in seven years. Both of these numbers show that the economy is continuing to improve after one of the worst recessions the nation has been through.

    So how low can the unemployment rate go before it levels out? And are these numbers foretelling a major wave of new job creation or do you believe they are just an anomaly and not reflective of where the economy actually stands right now.
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    Do you have info on the types of jobs that have been added to the workforce in general, like by category or something, and if they are full vs part time, under vs regular paid in respect to poverty levels, etc? Loaded question, I know. Just wondering, cause that sounds great and all. But I get leery when I hear stats like this.

    Not to say it's not a great thing that things are trending in the right direction, even if further data shows these jobs to be less than great additions, quality wise. As for how low we can go, 5.4% sounds very low to me. Hard to imagine dipping much lower, maybe 3.5%, because no matter how great an economy is, logic says you will never hit zero.
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    J.K.Logic Wrote: Do you have info on the types of jobs that have been added to the workforce in general, like by category or something, and if they are full vs part time, under vs regular paid in respect to poverty levels, etc? Loaded question, I know. Just wondering, cause that sounds great and all. But I get leery when I hear stats like this.
    The Bureau of Labor Statistics at the Department of Labor is probably the source for you to review because they break down the ups and downs of each employment sector. Pages 4 and 5 break down the employment statistics and the employment numbers of each major industry.
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    Deraj Wrote:
    J.K.Logic Wrote: Do you have info on the types of jobs that have been added to the workforce in general, like by category or something, and if they are full vs part time, under vs regular paid in respect to poverty levels, etc? Loaded question, I know. Just wondering, cause that sounds great and all. But I get leery when I hear stats like this.
    The Bureau of Labor Statistics at the Department of Labor is probably the source for you to review because they break down the ups and downs of each employment sector. Pages 4 and 5 break down the employment statistics and the employment numbers of each major industry.
    Good deal. that actually was very helpful. Much appreciated. Seems a mixed bag, in regards to my concerns. But no doubt the job availability as a whole is trending upward, and that is a good thing.
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    June was another strong month for jobs in America with the unemployment rate falling to 5.3%. Businesses also added another 223,000 new jobs in June. This builds on the momentum businesses have been having lately and I have a feeling we aren't done yet.

    Don't get me wrong--I know that many people are struggling, but it really does seem like the worst of the recession and paltry employment statistics are long behind us and the future is looking bright again.