Jobs report sparks optimism, despite nearing fiscal cliff deadline

Things may finally be looking up in the job market. After a rough stretch that covered the early spring and late summer, hiring is up and the unemployment rate has dwindled to a four-year low.

According to the Department of Labor, the United States added 146,000 jobs in November, the highest mark in three months. It also represented the fifth consecutive month in which over 100,000 jobs were added, an impressive number considering the disturbing trend earlier this year that saw as little as 45,000 jobs added in June.

Additionally, the unemployment rate has dropped to 7.7 percent, the lowest mark since December of 2008. The relatively positive month is even more impressive considering the fact that so many people were affected by Hurricane Sandy in early November. According to these numbers, the storm seems to have had a minimal impact on the economy, which speaks highly of the perseverance shown by many companies around the country.

With talk of the fiscal cliff dominating many headlines, the jobs report is positive news for President Barack Obama and should give him some semblance of momentum as he gets sworn in for his second term next month. However, it's even better news for the young professionals looking for work.

The college semester is coming to a close and while there are typically more graduates in May, there will be a healthy amount of talented people entering the workforce. And with the fiscal cliff deadline looming, businesses are becoming increasingly concerned with payment processing fees as they try to cut back on unnecessary spending. That's why becoming a B2B payments consultant may be an ideal fit for anyone coming out of college with a financial background.

By joining the increasingly important payments industry, finance professionals can use their skills to help companies build payment processing efficiency and help get the country back on the right track.

 

by Ty Hardison

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