The Land of Opportunity

   Fewer American workers found jobs in March compared to January and February, but the unemployment rate declined anyway, to a national average of 4.5 percent. And the number of unemployed people declined, according to the latest report from the U.S. Labor Department.
   Put together, the data suggest more people are working and the economy is edging further toward the goal of full employment. When this happens, the labor force needs replenishing.
   Specifically, the unemployment rate faded to 4.5 percent, and the number of people out of work declined by 326,000 to a nationwide total of 7.2 million.
   Total nonfarm employment increased by 98,000 in March, the report said. This was down sharply from the gain of 219,000 in February and the increase of 215,000 in January.
   So does mean trouble is brewing? Not necessarily. It means that those who are ready, willing and able to work have been increasingly successful in finding jobs.
   What it can mean in a larger sense is that the overall economy is doing better because companies are hiring as business improves. This can lead to upward pressure on wages and a potential labor shortage.
   In turn, with more jobs available at good pay and fewer people available to take them, workers from other regions will move to where the jobs are.
   Welcome to the Land of Opportunity.