What a difference a year makes.
Last January the U.S. economy added 110,000 jobs. This year, the Labor Department reports show that 243,000 jobs were added in January.
One surprising fact about the current employment spurt is that the increase of jobs in January is even higher than the increase in November (160,000) and December (200,000) of last year – a time when companies nationwide go on seasonal hiring sprees to accommodate millions of holiday shoppers. This means that the hiring numbers are not skewed, and many jobless Americans have now found work!
Since October of last year, American employers have increased their hiring for the fifth month in a row. This has lead to the lowest unemployment rate (8.3 percent) since early 2009.
“This is an optimistic jobs report, especially in light of very poor jobs reports for almost three years,” said Brian Hamilton, CEO of the financial information company Sageworks.
Also, in line with the current American hiring spurt, Quicken Loans is hiring 300 technology gurus now, as well as 500 paid interns this summer
To view the employment graph from the Bureau of Labor Statistics and read the full article about the rise in American employment, head over to CNN Money.