Increasing U.S. Payrolls

Everyone seems to be talking about how hard it is to get a job anymore. Well that may be in the field you are looking for, but today the employment rate is up and payrolls have also increased. Employment jumped to 243,000 in the U.S. in February. As the economy stays strong employment rates will keep the momentum they have been carrying. Discussed in the article businesses feels that as long as they are seeing strong growth in demands for their goods and services the businesses will keep hiring. With this the employees are looking for higher wages and businesses are paying they wages. People are coming out applying for more jobs because there are more around now. The 243,000 gain in jobs in February marked a pickup from the 170,000 positions added in January. Economists forecast a gain of only 240,000 and that was beat by 3,000. The average hourly rate has also gone up to $16.47 and that has gone up .3 percent since January also. This also raises an issue about the inflation rate. To fend off inflation, Federal Reserve Chairman Ben Bernanke and his colleagues are expected to boost short-term interest rates on March 28. Construction, retailers and financial companies have all added jobs while the manufacturing companies have dropped with the closing of plants.
I feel these increases are great for the economy as long as inflation does not play a huge part. If companies are willing to pay more for employees and then people are more willing to put their money back into the economy and it is just a huge cycle. If the U.S. auto industry makes a come back then there will be even more jobs to be had. These may not be the jobs you are looking to get into, but if all else fails there is a place to look and you know earning rates are increasing also.