U.S. employers ramped up hiring in March!

Although many people believe that raising the minimum wage rate to $7.25 will hurt job employment, a recent release of information from March contained something a little different. During the month of March, employers created a solid 180,000 jobs and drove down the unemployment to 4.4%, the lowest percentage in five years. A very surprising number knowing that our economy has been slightly sluggish. Not only did employers benefit, the paychecks of these 180,000 jobs also increased. The fresh figures suggested that companies are not feeling a need to dramatically clamp down on hiring in the face of the slower overall economic activity and the deep housing slump. The overall wage rate rose 0.3% at $17.22. So does this mean that a raise in the minimum wage is going to hurt us as much as maybe inflation? Or is there not going to be any harm done and jobs will increase, and unemployment will gradually decrease. I guess these questions will be answered in time, but I feel that the wage raise will not hurt the economy, but actually boost it!