The Conference Board Comment on U.S. Bureau of Labor Statistics Employment Situation Report
Kathy Bostjancic, Director for Macroeconomic Analysis, The Conference Board
NEW YORK, April 1, 2011 /PRNewswire/ --
Jobs Recovery Finally Underway
Almost two years after the recession officially ended, the labor market appears to finally be picking up. Manufacturing employment, especially in auto assembly, is expanding. Construction, however, is still being held back by problems in the housing sector. The real story is the gain in services as consumer spending settles into a moderate trend. However, consumers worry about how much more it will cost to fill up the gas tank or the grocery cart as wage gains remain too sluggish to provide an offset. So while this latest jobs report is good news, the road to full recovery remains uphill.
About The Conference Board
The Conference Board is a global, independent business membership and research association working in the public interest. Our mission is unique: To provide the world's leading organizations with the practical knowledge they need to improve their performance and better serve society. The Conference Board is a non-advocacy, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States. www.conference-board.org
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