Forget the 1,000 point drop... But don't Ignore the 290K new jobs

Posted by Expert Gadget Reviewer on Monday, 10 May 2010

Forget about the Dow dropping 1,000 points in 7 minutes, because for the vast majority of us, it doesn't make a bit difference in our everyday lives. The most important business news that came out on Friday was the monthly jobs report, which blew away estimates with 290,000 new jobs in the month of April.

April's numbers indicate that employment is growing at the fastest pace in four years, with strong growth in manufacturing, professional and business services, health care, and leisure and hospitality. Federal Government employment also grew (showing continued hiring for the census), BUT, census hiring was a secondary factor to the overall private sector job growth.

Bottom line, it appears that the economy is truly ramping up, and it is time to start thinking about how to operate in the post-recession economic environment.