In times of economic turmoil it is somewhat uncommon to have any sort of good news surface. Fortunately the report on unemployment for March indicates that good things are in fact happening within the economy. More specifically unemployment is declining as more and more jobs are being created by various industries.
According to the U.S. Labor Department approximately 260,000 jobs were added last month alone, which is a significant increase overall. Of course there were hundreds of thousands of jobs eliminated last month as well but in the end the number of new jobs was greater than the number of jobs lost.
Not only was March a very successful month for employers, February was just as good. Two months in a row with substantial job increases has not happened since 2006 and many experts say it could be a sign that the economy is finally beginning to recover.
The U.S. Labor Department and other analysts also agree that the consistent increase in jobs will likely continue for the rest of 2011. What this means is that by the end of the year unemployment will likely decrease by another percentage or two. Currently unemployment is at a 2 year low of 8.8% and by the end of the year it is expected to be even lower. In the coming weeks more announcements about the economic situation are anticipated and overall analysts and economists say they should all carry plenty of good news about the current state of the U.S. economic situation along with the worldwide economic situation.