In: Economics
The economy added 304,000 jobs in January is really showing a great positive impact to enhance the GDP of U.S country. This is the first instance to reduce the unemployment drops to 4 percent in the last 50 years, that is to consider of 1969. Of course, the budget will expand more but the long term output brings more revenue to the country in terms of GDP (Gross Domestic Product).
On the other side, the government is fear about to bear the burden of huge salaries for equal to the members of 304,000 jobs. In this respective scenario, the pros and cons will always show the influence on the U.S market. However, the U.S job gain show brings a new wave in employment and attained for an initiative to reduce the unemployment up to 4 percent. The U.S government took effective steps to increase the employment market by restricting other countries to do jobs in the U.S.
This is really helpful to the citizens of the U.S to get an opportunity of employment. While in this process most of the other countries have suffered like India and so on but the U.S government bring a new change in U.S employment. In most of the coming days, the U.S government confident about to make zero percent of unemployment. Suppose, if it happens, the U.S will achieve a new wave of countries economy in terms of GDP.