Labor Market Showing Improvement

The labor market has shown improvement in the month of November. U.S. employers laid off far fewer employees than initially expected, which gives us hope that the economy is on its way to being balanced once again. The unemployment rate has gone down a small amount, but little is better than nothing. The chairman of the Federal Reserve has publicly claimed that he plans to maintain the record-low interest rates until there is a substantial increase in those unemployed regaining employment once again, which is beneficial to everyone, so I am definitely in favor of that. Some economists have said that the country is getting closer to companies needing to start the process of hiring back workers once again. This article definitely gives me hope during these economically trying times, which is definitely motivating. However, I'm not going to get ahead of myself and I plan to continue in being extra cautious with regards to my expenses and keep up with consistently putting money into savings.