Franchisor Stories
SPONSORED
February Jobs Report: U.S. Unemployment Holds Under Five Percent
Employers added 240,000 workers in February while unemployment held at 4.9 percent
According to a recent story in the New York Times, the U.S. government reported on Friday that employers added 240,000 workers in February, highlighting the labor market’s steady gains.
If you look back to four years ago during the last election cycle, unemployment was hovering around 8.3 percent and the economic recovery was still trying to gain its footing. Deep consumer debt and rising gas prices plagued the country.
As of today, unemployment has dropped sharply and the private sector has seen 72 consecutive months of uninterrupted job gains. The Labor Department did report however that wages fell .01 percent in February after promising gains in the beginning of the year.
Despite the improved economy, there are still questions that linger. There has been job growth across a variety of businesses, specifically in hospitality and service, but better paying industries such as manufacturing and energy continue to take a hit.
While employment has been improving at steady pace for more than two years, many continue to voice their opinions about low pay, or jobs beneath their skill levels.
Still, if steady job growth continues and wages increase, it may change the way we view the economy and it will certainly influence the political dynamic surrounding the upcoming election. The economy is and will always remain one of the most important factors that determine how Americans vote.
To read the original article, click here.
Don’t Miss the Next Big Franchise Story
Sign up for the 1851 Franchise newsletter to get our biggest stories before everyone else
By signing up, you agree to our user agreement (including class action waiver and arbitration provisions), and acknowledge our privacy policy.
About the Author
Nick Powills
FollowNick Powills, CFE, founded No Limit Agency in 2008 and serves as Chief Brand Strategist for the Chicago-based firm. No Limit is a full-service communications agency that establishes and elevates brands by bridging Public Relations, Social Media, Marketing, Advertising, Digital, and a lot of creativity, to best strategize well-rounded and successful campaigns for 50+ global franchise brands. By presenting visionary ideas and building real relationships, No Limit is able to create effective media branding strategies to help companies grow. Nick currently leads a staff of writers, media strategists, designers, social media experts and digital producers in an office think-tank where brands are humanized for strong, compelling media stories. Prior to starting No Limit at the age of 27, Nick spent four years working at a franchise PR agency where he mastered the art of building rapport with media outlets and creating newsworthy pitches for earned media placements. He holds a Bachelor of Journalism from Drake University in Iowa.
