Robust employment growth continues in the United States

Economy seems to be in the path of recovery in the United States boosted by strong job growth for the third consecutive month. The United States Labor Department has confirmed an addition of 2,27,000 new jobs in February alone, which has surpassed experts’ expectation by 17000 new jobs. Although unemployment rate is still steady at 8.3 percent, surge in jobs has brought renewed hope in the US.

Since December last year, there has been 7,34,000 addition of new jobs in the US. Interestingly, the latest burst in job growth is the second since recession, the first one continued for three consecutive months from March to May 2010.

The improvement in the United States job market scenario and the growth in the manufacturing sector are expected to give a major advantage to President Obama’s re-election chances in November 2012. Though Republicans are not prepared to give it much importance, Obama’s approval rating is on the rise since the last couple of months.

Now the big question is, will the current momentum be sustainable enough to bring down the unemployment rate? People in the United States are hopeful that it would, but only time would tell.