chapter 5

Saturday, April 21, 2007

Unemployment rate drops in March as U.S. companies add 180,000 jobs

American employers raised up hiring in March, making the U.S. unemployment rate down to 4.4 per cent. It was a shockingly performance in an economy that has shown signs of slowness recently.The new snapshot also showed that employers increased their payrolls by a strong 180,000 in March, the most since December. Workers' also saw their paychecks get bigger. The figures suggested that companies are not feeling a need to clamp down on hiring in the face of the slower overall economic activity and the deep housing slump. The U.S. report came a day after Statistics Canada reported that the Canadian economy produced 55,000 new jobs in March - five times what economists forecast. Canada's March's unemployment rate remained steady, hitting a 30-year low of 6.1 per cent last month.

I think the American people which are the workers, the companies, small businesses, and entrepreneurs should feel really great that everything is increasing . It show that they are having a successfully in theeconomy. I think the Canada is also not doing that bad with the unemployment rate.