By: Mason G.
In
the month of February the goal of the private sector was to employ more people.
The private sector had conducted a survey to try and figure out a good goal of
new employees and that survey showed they would get about 170,000 new
employees. To their surprise they ended up adding about 198,000 new jobs to the
private sector. The private sector is the part of the national economy that is
not under direct government control. Home prices have been on the rise since
last February and this is because of a gain in construction jobs so this will
improve the housing market. If the economy was doing better than it is the
private sector would be adding about 300,000 jobs a month but 198,000 is very
good due to the status of our economy. This increase in jobs is very high
compared to the past several months. January was the second highest in just
about a year and that month had increased jobs by 160,000 putting February at
the highest in the past year. This is a very good step in the right direction
for the private sector and the economy overall.
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