Exploring the “Job Gap” in April’s Employment Numbers: Full Paper
Exploring the “Job Gap” in April’s Employment Numbers
Released: May 2010
Related Topics: Employment & Wages
Authors:
- Michael Greenstone • Director, The Hamilton Project; 3M Professor of Environmental Economics, MIT; Senior Fellow, The Brookings Institution
Introduction
Today’s employment numbers reinforce the signs of economic recovery. In April, the economy created 290,000 jobs. This is the first time since the beginning of the Great Recession in December 2007 that the economy has had four straight months of positive job creation. This confirms that the collective efforts of the Bush and Obama administrations, Congress, and the Federal Reserve, along with natural market forces, have helped put the economy on the right track.
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