2014 ended up being America’s best year for job growth since 1999 according to a post by Matt Egan and Heather Long on the CNN website.
According to the post:
“More than 2.95 million jobs were created last year, according to the latest figures from the Department of Labor.
It’s encouraging news as the U.S. tries to put the Great Recession and sluggish recovery solidly behind it. Many economists expect 2015 to be equally as strong, if not better, for job seekers….’American businesses are on a hiring binge,’ said Sal Guatieri, senior economist at BMO Capital Markets. ‘It clearly suggests the economy is on a much stronger growth track than the first four years of the recovery.'”
But the news wasn’t all good.
The article continues:
“While job growth continues to pick up steam, wages have not. The government said average hourly earnings fell slightly in December from the previous month.”
Nevertheless, while wage growth has been negligible, the overall jobs situation is still much stronger than it has been in years.
And that is good news for all of us….