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Showing posts with the label job creation

Best job market in nearly a decade?

In a commencement address on Monday, Federal Reserve Chairwoman Janet Yellen congratulated the graduating class at the University of Baltimore on earning their degrees and told them that they're entering the workforce at an opportune time. Per Yellen, the grads are entering the best job market in nearly a decade following years of a slow economic recovery. During a strong economy, she added, not only are jobs more plentiful, but they tend to pay better. Yellen told the graduates that the degrees they've earned are the ticket to a successful working life, giving them access to higher-paying opportunities and providing them with higher job satisfaction over their careers. Yellen stated that college graduates' annual earnings are, on average, 70% higher than those who only hold a high school diploma -- an increase of 50% since 1980. The chairwoman went on to say that all signs point to a healthy job market, including consistent job creation, more job openings, and a ...