Lots of business optimism out there.
http://www.silive.com/news/index.ssf/2017/03/need_a_job_home_depot_hiring_8.html
http://www.silive.com/news/index.ssf/2017/03/need_a_job_home_depot_hiring_8.html
Home Depot to hire 80,000
- Thread starter WVPATX
- Start date
The US unemployment rate is currently 4.8%. With all this buildup about what Trump is doing I expect it to fall to at least 3% if not 2%.
You are quoting the U3 unemployment rate. It does not consider those who quit looking for work or those that want full time work but are only working part time. The U6 unemployment measure records both of these categories and now stands at 9.4%. U6 is a much more accurate measure of true unemployment.
We have lots or room to grow jobs. Lots and lots of room.
This is more GREAT news! Not just for the 80,000 jobs, but in the grander scheme of infrastructure and all the jobs associated with infrastructure, energy production and transmission.
I am in the financial investment business and Home Depot is considered a sign post for investors. Typically when Home Depot reports good earnings, it helps to lift the market since so many other sectors are related (e.g. home construction, disposable income, consumer optimism, etc.).