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Jobs Report: Economy Sputters and Stalls in March

h20skier2 Wrote: Apr 06, 2013 4:43 PM
Hey Loiso, I see you are blaming the baby boomers for this. Maybe you would prefer for them to die off.
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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