The April Bureau of Labor Statistics employment report was generally good news, with a net gain of 223,000 jobs and an unemployment rate of 5.4 percent, the lowest that metric has been in the last seven years, since the onset months of the recession (but before the panic that made it a Great Recession). The BLS also breaks employment down by age group, and there also seems to be good news in those stats for the prospect of sustained household formation in younger age groups. Not that the employment prospects are amazingly bright for younger Americans, especially when compared to older adults, but simply that they’re also better than they have been at any time since before the recession, like the overall employment numbers.
Read more...Economy Watch: How Strong is Employment Among Millennials? | Multi-Housing News Online
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