Reaction #4-Dean Sbriscia

Reaction to Increating U.S. Payrolle:

The job market in the United States has continued to grow immensely for the past few years. Jobs have been increasing and inflation and unemployment have remained relatively low. Gas prices have risen substantially in the past twelve months, however the stock market is surging along and is at an all time high for the past three years. The article states that jobs are now increasing their hourly rates and individuals are happy with the pay increase, however I believe it really depends on what job sector we are analyzing. The pay rate between the financial industry and the pharmaceutical industry is largely different from that of the manufacturing or food industry. Overall wage rates may increase and job opportunities may increase, but it really depends on what job occupation an individual is geared towards. If the auto industry gets out of its current slump, I believe the U.S. economy will be as strong as ever. There is always going to be weak components in an economy, and these aspects have to be dealt with either through lowering or raising interest rates to stimulate the economy or using a more laissez-faire approach that lets the problem fix itself through time. I hope the job rate growth continues through the year 2007 where I will be looking for a job in the financial sector, which tends to be more limited in job opportunities than certain other sectors. I do agree that with the proper inflationary policies and interest rate changes, the Fed will be able to let the economy continue to grow at a pace that allows for jobs to become created.