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Jobs Report: Economy Sputters and Stalls in March

rman859 Wrote: Apr 05, 2013 10:32 AM
Obamas banker friends were giving out bonuses
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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