257K jobs for you Glen Coco! You go Glen Coco!

In a truly unprecedented twist, the economy has produced 257K jobs in the past year. This only assists in keeping the United States unemployment rate as remarkably low as it’s been. The economy is really trying to get its act together and creating jobs is a pretty good step forward. However, the recent surge of jobs begs the question of where have all these jobs been hiding? A few years ago the economy was in such a bad spot that companies everywhere were suffering from budget cuts. Anytime you turned on the news it was about another bulk lay off of employees. This made jobs very hard to find so why are they so easy to come by now?

      The answer is business. Businesses are opening their doors to new, skilled employees, which creates thousands of jobs. Leading the job creation pack was big businesses, followed by small businesses, then medium. I would guess these include jobs where specialization is required for some positions. One small business like a barbeque place may have hired 5 people to manage different aspects of it. This could mean there are even more jobs available. Sadly the increase in jobs didn’t help the market with some plummeting nearly 300 points. Even so, these new jobs are contributing to people’s confidence in the economy.

Not only are more jobs appearing, but they’re also paying more. Employers are looking for hardworking employees, so in order to create more positions they must be willing to pay. You could think of it though like an investment good. You invest in a new employee so that the chance of product of production can go up. Economists have begun theorizing that by mid 2016 America will be back up to full employment. Since unemployment rates are already so low, this is a goal many people can actually see happening. Hopefully the rise in employment numbers will encourage consumers to revitalize sales. I get the sense that’s the only way to ensure a successful economy. The previous lack of jobs shows clearly on the sales numbers for goods like cars. Even with all of these jobs, funding wont increase over night. The gross domestic profit, or the quantitative measure of the nation’s total economy, is only expected to increase by 0.7 percent. We’re still moving in the right direction though. With these employment rates and gas prices being the lowest they’ve been since 2009, this year’s off to a good start economically.