Unemployment rate drops – good sign for the economy
American employers have shown mammoth activities in March 2007 by hiring people randomly which resulted in a drop of Unemployment Rate to five-month low of 4.4%. The report published by Labor Department also states that workers saw a bigger paycheck this month. So the financial year is going to be ended happily, good you know.
Now, why am I writing all this in my blog? I think, unemployment problem has a strong influence on consumer debts. People with a job are less likely to be in debt; there are exceptions though. However, this huge recruitment in March should be continued in the coming days as well keeping the Economy active. And I am optimistic, once the process has started, it will definitely continue.
Technorati Tags: debt, credit, consumer credit, unemployment, economy, economics
