Unemployment Down to 4.7%

The latest news out of the Labor Department shows the unemployment rate in America down to 4.7 percent. Breitbart reports that the unemployment rate, which dropped from February's 4.8%, is the lowest in four and a half years. Employers added 211,000 new jobs in March. As for the types of jobs:

Hiring gains were fairly widespread. Construction, financial activities, education and health care and government were among the sectors posting payroll gains. That help to blunt job losses in manufacturing and in the transportation industries.

Despite the latest excellent employment numbers, some insist that the economy is still on the downturn. "With the economy growing smartly and the job market flowering,” Breitbart reports, “the Federal Reserve and other economists are keeping a close eye on wage growth." Some continue to lobby for dramatic increases in the Minimum Wage, specifically in Pennsylvania. Increasing wages too quickly, however, can "trigger inflation concerns at the Federal Reserve and among economists."