Saturday, June 6, 2015

Job Growth is Up by 5.5% in the US

Job Growth, employment, US data

There are concern about US economy is slowing, but this has not affected the job market as the government announce last Friday that businesses 280,000 jobs in May. The unemployment rate is up by 5.5% from 5.4%.

However, wages is barely rising above inflation, because of a limited the economy’s growth. Education and health has contributed an additional 592,000 jobs (2.8% gain). Healthcare has been boosted by the medical demands of aging population and the expansion of health insurance under the Affordable Care Act.

People who were surveyed said they had to skip some medical care for lack of money, and could not cover an unexpected emergency that cost $400.

No comments:

Post a Comment