Consumer Reports: Employment improves in April
Whether a consumer is employed can decide whether they gain access to home loans and credit card debt, and the past month looks to have been a bit more kind to job seekers.
According to Consumer Reports, more jobs were gained than lost from March to April. The firm’s Employment Index was at 50.6 for the fourth month of the year, up from 50.4. A number above 50 on the index indicates net job growth.
Through new rules from the federal government, credit card issuers will have to consider a consumers income when granting an account. Furthermore, having steady employment is also important when looking for products like auto or home loans.
The data from Consumer Reports show that 6 percent of Americans began new employment in the last 30 days, which is up from the 5 percent seen in the prior reporting period.
However, the U.S. Bureau of Labor Statistics reported recently that the unemployment rate increased to 9.9 percent in April. This is after three straight months of it being at 9.7 percent.
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