Friday, May 2, 2014

BCREA ECONOMICS NOW/ May 2014


US Employment - May 2, 2014
The US economy seems to have shaken off the impact of severe winter weather that depressed first quarter GDP growth.  US non-farm payrolls rose by an impressive 288,000 jobs in March while the US unemployment rate fell 0.4 points to 6.3 per cent.  Over the past three months, US job growth has averaged 238,000 jobs per month.  

We expect that the US economy will continue to accelerate in 2014.  That acceleration in growth should provide a significant boost to BC's export sector and the wider provincial economy.