Friday's jobs report showed that fewer-than-expected positions were added in March. But several industries that have driven a lot of the hiring over the last year continued to add workers last month. Who's been hiring, and which industries have the kind of business fundamentals that could pave the way for adding more jobs?
In his State of the Union Address last week, President Obama announced a renewed commitment to manufacturing in the United States. While the commitment to rebuilding the country's manufacturing base is welcome, he unfortunately left the most important item on the list off the agenda. President Obama failed to commit himself to restoring the competitiveness of dollar as part of his agenda for bringing back manufacturing jobs. The value of the dollar really has to be front and central in any effort to restore U.S. competitiveness since it is by far the most important factor determining the relative cost of U.S. goods compared with goods produced elsewhere.