End of Week Brings Good News for the Economy
Washington, D.C. (March 15, 2019)—Data released on Friday reveals the continued strength of the U.S economy, said the Job Creators Network. Not only are consumers feeling more optimistic about the economy, but the number of available job openings has hit the highest level in two decades.
More specifically, according to the University of Michigan Surveys of Consumers, consumer sentiment increased by 4 points during the first part of March compared to February. And as noted in a release from the Bureau of Labor Statistics, the number of job openings in the U.S. reached 7.58 million in January—over one million more openings than unemployed Americans to fill them.
“These two reports prove the economy is still steaming ahead,” said Alfredo Ortiz, JCN President and CEO. “The consumer sentiment numbers are especially encouraging, considering that a rise in optimism usually spurs more spending at American businesses. And when business is booming, everyone gets a larger piece of the pie.”
“However, the growing number of job openings is concerning,” Ortiz continued. “While this may seem like a good problem to have on the surface, it can pose significant challenges for small businesses. The Trump administration should continue to pursue workforce development initiatives that will help equip people with the necessary skills and match them to available employment opportunities.”