Jobs Market Improves

Last month, not as many companies planned layoffs and hiring increased in
the private sector. Unemployment claims decreased during the last week of
June also.


According to CNN Money, the Labor Department reported that 14,000 fewer
people filed for first-time unemployment benefits at month's end, ending an
uptick in filings, and boosting confidence that layoffs could be slowing.
37,551 jobs were planned to be cut, which was the lowest number in over a
year.


The private sector added some 176,000 jobs last month, which was a much
higher than the previous month, while small businesses are credited with
driving jobs growth, as businesses with less than 50 employees hired 93,000
people, CNN says. The Washington Post reports that expects say "it takes at
least 125,000 new jobs each months to absorb population growth."

US economist Erik Johnson said, "Looking forward, slow growth is expected.
But the U.S. economy should avoid recession."


The housing market has improved in both prices and sales volume which is
expected to bring jobs to the real estate and construction industry, MSNBC
reports. Yet despite the improved outlook, consumer confidence continues to
fall, hitting its lowest index of this year.


Jobs and Economic News Brought To You by http://medicalpros.jobs