The market of jobs has been seeming to pick up and it is shacking any hints which may have been there about a slowdown that a few of the economists had been predicting with the employers going further away to boost the cuts in act which relates to jobs and tax cuts.
The report which has come out recently has shown that the United States had added as many as 291,000 jobs in the month of January and this beat the expectations by a huge margin for the second month running and this has been the best report which has come out since the month of May in the year 2015.
The surge is unexpected and has suggested that the United States might not be seeing a slowdown in expansion and there may well be another growth phase which it is going to enter into and the unemployment rate is going to be even better than the historic levels of 2019 and there is going to be an increase in the wages of the workers in America. The recovery of the economy is already now in the 11th year and has been defying the traditional economic belief that the growth in jobs slows down when the when the rate of unemployment falls below the level of 4%.
Despite the firms showing continuous hiring and also a growth in wages which is the best it has been in a decade, the inflation has not risen and has not been at the target of the Fed of 2% which allows the rates of the Fed to be at a low level when it comes to interest rates.