It was predicted by analysts that the United States was expecting 180,000 more jobs. This was exciting news for those hoping to become employed. The unemployment rate has actually fallen from 4.7% to 4.5%. Good news aside, things didn’t turn out the way we thought they would.
This past March, hiring was extremely slow. It was so slow that the expected 180,000 jobs were nowhere to be found. Instead, the US received around half that amount. 98,000 measly jobs were added. “It is getting tougher for businesses to hire workers,” said Gus Faucher to USA Today. Faucher is a PNC Financial Services Group economist.
Economists were surprised by the lack of growth, but attributed it to something unexpected. Although Trump promised many more jobs, other sources may also have something to do with it. This winter was particularly warm, and outside industries like construction were able to move hiring up into January. This allowed growth earlier in the year. However, store closings like that of departments stores have accounted for 30,000 jobs lost. Iconic stores like like Macy’s, Sears, Wet Seal, American Apparel, BCBG and more have been going under as the switch to digital commerce is made.