Question

give your thoughts and impression on this topic ( no less than 400 words) thank you.

“Economy added 196,000 jobs in March, bouncing back after dismal February data

Economic growth is expected to slow this year as the impact of President Donald Trump's fiscal stimulus plan begins to fade.”

Answer 1

Ans) As per the figures released by the labour department in regards to the hiring and unemployment for March, it is pretty evident that the economy has bounced back big time.

Several analysts survey had set clear expectations of upto 1,50000 to 1,70000 jobs. This has been the 102nd straight month of job gains.

Also the employment rate for March was 3.8%, similar to what it was in Feb. On the other hand in terms of earnings, March saw an average hourly earnings of 3.2% higher in terms of Year on year wage growth.

As per the reports and studies the economy is expected to slow down as compared to 2018, the considerable gain in hiring will help in clearing out the doubts related to the current economic situation.

On the other side President. Donald Trump believes that the Fed should cut down on interest rates. As per his statements he personally believes that they should cut down on the rates since it has slowed down the economy.

Also, an important aspect that can be taken into consideration is the steady wage growth that has in a way proved out to be the catalyst for economic explosion. Higher wages increase the purchasing power and companies concentrating on producing more and increasing supply trying to meet the demands shall wish to hire more people.