Fundamental Economic Data Still Strong

US Unemployment is at record lows, but may be sneaking up a little in the next few weeks as global markets fluctuate a bit.  At 5.3%, unemployment is now almost half of its peak of 10% in October 2009.  The Center for American Progress reported that “There were 10.9 million more jobs in June 2015 than in June 2009. During this same time period, the private sector added 11.6 million jobs. In June 2015 alone, the private sector added 223,000 jobs to the economy, marking 64 months of consecutive private sector job growth.”  Employment is still strong, and with the ISM Manufacturing index reporting that the “Economic activity in the manufacturing sector expanded in July for the 31st consecutive month, and the overall economy grew for the 74th consecutive month”.  It is still a robust market for professionals to explore their career options.

Bruce Peacock
Vice President of Business Development              
The Richmond Group USA