Market Overview

The US Economy Adds 162,000 Jobs In March

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It turns out the US economy is finally growing. The US economy added 162,000 jobs for the month of March. This is the highest number of jobs added in the United States in 3 years. The most encouraging sign is that the private sector added 123,000 jobs. The unemployment rate is holding steady at 9.7%.

According to the Associated Press, "the economy added 162,000 jobs for the month. About a third of the gains came from the census, with much more to come: About 700,000 head-counters will be hired to tally the nation's population this spring."

What can you expect now that the economy is growing again? Here are three things that you should expect to see that the economy is rebounding.

1) The Federal Reserve will raise interest rates. Look for Ben Bernanke to ease the Fed's monetary support to the economy and slowly increase interest rates.

2) Banks will start lending again. We won't go back to an easy money policy but small businesses and individuals with good credit should find it easier to obtain credit.

3) Investors appetite for risk will return to the market. Investors that have been flocking to bonds for safety will look to reenter the equities market.

 

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Posted-In: job growth Unemployment Rate US economyGlobal Economics