According to Labor Department statistics, there is a powerful rebound in the job market after the rough winter results have shown remarkable concerns over the economic situation in the US.
The unemployment rate fell to 6.3 percent from 6.7 percent, which demonstrated a very low point in comparison to the September results.
This number shows that the job market still suffers and there are not new hiring activities as a whole. Moreover, the whole situation creates tension and fear for US residents who hope that the situation will resolve sooner than later.
The Labor Department has stated that the jobs were available in a variety of fields, including business, retail and healthcare. More jobs were added in the finance fields as well.
The addition of jobs in the construction industry also sped up, with more jobs being added In the period between February and December. The main reason for that was attributed to the unusually cold weather in most part of the country during the winter season.
The recent statistics "signal that American companies are optimistic the economy will snap back smartly after the largely weather-related slump in the first quarter," according to Sal Guatieri of BMO Capital Markets.
Doug Handler, a major economist at IHS Global Insight, has explained that the statistics were sufficient to bring a rebound in growth of a 3.0-4.0 percent pace, after the 0.1 percent fall down in the first quarter.
These signs indicate that the economy is still slow and we only hope that the current political tension will not affect it negatively.
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