In the month of March, America saw an increase of a 103,000 new jobs. It may sound like a lot of jobs, but this increase in jobs is well below expectations. Economists orginally predicted an increase of around 185,000 jobs. Economists are concerned if the sudden slowing of job growth may be the start of a trend in the economy. The causes for the dropoff in job growth may be due to a number of reasons. Most recently, President Trump has waged a trade war with Chine where he is putting tarrifs on imported goods such as steel and alluminum. The dropoff in growth can partilly be blamed on surge in job growth the month before. In Febraury, America saw an increase in 326,000 jobs. Despite the dropoff, the economy is still very healthy and strong with a 4.1% unemployment rate and a 2.7% wage increase.
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1. What do you think is the cause of the dropoff in job growth?
I think it is because of the surge in job growth the month before. It is not unusual to see a dropoff in job growth after a large increase like that.
2. Does the sudden dropoff in job growth reflect any cause of concern for the long-term health of our economy?
I am not worried at all about the dropoff because all the other statistics such as unemployment rate and wage increases seem to be normal for now.
Replies
Good job Reece!
1. I am not sure why so many jobs became available but it is a good thing and a bad thing. It is good because more people can get jobs if needed or wanted but it is not good because that is a lot of people who don't have jobs.
2. I am not very worried because the US always comes back stronger so I feel like everything will be okay in the end.
I am not really sure what would cause this. It might just be a time when things like this happen. It might start growing as months pass by. I am not too worried about it but I hope that it doesn't affect our country. Hopefully people are trying to be employed.
I think it is because of the surge in job growth the month before. It is not unusual to see a dropoff in job growth after a large increase like that. I am not worried at all about the dropoff because all the other statistics such as unemployment rate and wage increases seem to be normal for now.
I think it might have had something to the DOW Jones going into a period of free-fall.
I think that right now there is nothing to worry about, but if people start losing jobs then I would start to worry.
I think that the drop because we arejust in a little slow right now but in a month or less we will be up where we should be agian. No I hink that this is just a little bump in the road and we will be over it soon.
I'm not sure at all what would have caused a dropoff in job growth. I don't think it is because the tariffs. If less and less jobs are avaible than we could have a huge problem, but they might go up. No need to worry about tomorrow.
I dont know it could be from someone not doing the right thing or something else that we dont know. It could easily affect the long term health economy if things end up going south on them.
I think that it is just the economy being unpredictable. It could be a result of the large job growth the month before. I don't think the long-term future of our economy is in trouble because the other statistics seem very stable and solid.
I honestly don't know why it was low. But Trump is doing his job and getting new jobs made. Some people are so fed up by his actions maybe just be thankful for the postive things he is doing for our country. It doesn't concern me a bit trump is constantly creating new jobs.
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