Saturday, October 6, 2007

Job market getting better!

As I was searching around the Internet for information for our website project, I stumbled upon an article from today's New York Times.
The article discusses job growth and how much better it was than anyone had anticipated. According to the writer, Michael Grynbaum, the economy added 110,000 jobs in September and about 90,000 jobs in July and August.
The article also said that the fear of recession is decreasing and the chance of the Federal Reserve cutting the interest rate is growing slimmer.
This article is crucial to our job market website because it is information like this that we are basing everything off of.
Not only am I excited to find an article for today about this, but I'm excited about the outlook of the current job market. That's great that jobs are being added.
This also provides an angle for our website because later in the article it said that hiring in the private sector has weakened but the overall economy no longer appears to be on the verge of recession.
That will give us something to look into: why hiring in private sectors is lower. Hmm...

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