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Jobs Report: Economy Sputters and Stalls in March

DSMike Wrote: Apr 05, 2013 10:15 AM
Can we finally say as Americans that the Keynesian and Krugman ideas do not and can not work? After five years of failure, both sides of the aisle, can we move on to proven economic systems and finally move forward? Spending our way to prosperity cannot work...join us progressive Americans in saying enough is enough.
The American economy added 88,000 jobs in March, according to the Bureau of Labor Statistics, which was a major miss from predictions. Forecasters were expecting between 150,000-200,000 jobs added. The unemployment rate dropped despite the lackluster number added due to a sharp drop in the labor force participation rate - from 7.7 to 7.6%. Nearly half a million people stopped looking for work in March.

In short, then, the economy stalled after a surprisingly strong February. Employers weren't hiring much and a lot of people gave up looking for jobs. Even the federal government lost jobs - though that was...

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