Job Growth Forecast Good For Business

Online, May 3, 2010 (Newswire.com) - With the administration's efforts to promote jobs growth in full swing, many economic analysts forecast a strong rebound from the 2-year long recession. The economy gained 162,000 jobs in the month of March, a Department of Labor report shows, and added a combined 62,000 additional jobs in revised estimates for January and February. The March gain is the third such increase in jobs over the past five months, and indicates that the labor market has begun to turn around.

Many of the employers that are hiring are in sectors such as health care, government or public and private utilities. The U.S. Census Bureau is hiring temporary staff, in every area from field workers who go door-to-door in some neighborhoods to office and support staff.

Job creation has a long way to go if it is to erase the average unemployment rate of 9.7% nationwide. It has been forecast that over one-million small businesses will add new positions in coming few months - as they take advantage of a newly established $5,000 tax credit.

President Obama asserted that the economy continues to improve and contended that the economic stimulus legislation passed a year ago was having a positive effect. He heaped praise on businesses, particularly small business owners who are "... the true engine of job growth in this country." Obama remained optimistic that, despite the damage done to the labor market during the recession, the economy is now poised to start adding the jobs people need.

The millions on the unemployment rolls hope that he is right. Business loans may help small business owners finance new hires in anticipation of a strong economic recovery. Find out if you pre-qualify for a business loan of $10,000 to $250,000. Click here to learn more.