If you’ve been watching network news lately, you already know that the U.S. unemployment rate fell to 7.8 percent last month. That’s the first time it has fallen below 8% for the first time in four years.
And that “four years” statistic is interesting. Something else happened four years ago too – Barack Obama became president of the United States and inherited an economy that was in crisis.
The health of an economy cannot be determined by looking at just one statistic. That’s why it is interesting to consider some other figures too. Here are some factors that Christopher S. Rugaber cited in a recent article on Yahoo! Finance . . .
- The U.S. Department of Labor reports that the number of unemployed Americans now stands at 12.1 million. That’s the lowest number reported since January, 2009. Those revised figures indicate that show employers added 146,000 jobs per month in July, August and September. That’s an increase from an average of 67,000 jobs in each of the three previous months.
- More people started looking for work in September too. That’s an indication of economic health, because people start looking for jobs when they believe that companies might hire them.
- Overall, the job market has been getting better. In fact, the U.S. economy has added jobs in each of the last 24 months.
- Still, many of the jobs that were added in September were part-time. And the number of people with part-time jobs who wanted full-time work rose 7.5 percent to 8.6 million.
And here’s another statistic to consider . . .
According to the U.S. Bureau of Labor Statistics, 44,000 new jobs in health care fields were added in September, 2012. (That statistic is not mentioned by Rugaber in his Yahoo! Finance article.)
So if you want to ride the hiring wave, now could be a great time to train to become a nurse, an operating room technician, a radiologist, or a member of one of the other fast-growing health care professions.