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Good News, Ugly News in March Jobs Numbers

John460 Wrote: Apr 06, 2012 2:42 PM
I'm guessing the numbers don't include people who have moved out of the country to find work either. Like the man my friend is training in Mexico City who moved there because he had been unemployed for 2 years and has family there. People moving from the US to Mexico to get work...that's not just eye-opening, it's scary.
ResistWeMuch Wrote: Apr 06, 2012 2:47 PM
There has also been the largest increase in the number of Americans renouncing their citizenship in history and, for the very first time, you actually have to pay a fee of $450 to become an UnAmerican!!!

The Bureau of Labor Statistics has released the March jobs report, which contains both real and cosmetic positive news for the economy -- as well as a large helping of disappointing statistics.  The genuinely good news is that 120,000 found work last month, which is an unalloyed positive for that group.  The cosmetic "good" news is that the U-3 unemployment rate dropped from 8.3 to 8.2 percent.  The ugly context?  Here's CBS News:
 

The March jobs report was a disappointment: Only 120,000 new jobs were created, versus expectations of over 200,000 and the unemployment...

Related Tags: Jobs Stimulus Unemployment