Economy adds only 88,000 jobs in March

Rick Moran
That's about 70,000 below the break even level. About 150,000 adults enter the workforce every month and not generating even replacement level job numbers means the unemployment rate went up, right? Obviously, you don't compute like a government bureaucrat. Washington Post: U.S. employers added just 88,000 jobs in March, the fewest in nine months and a sharp retreat after a period of strong hiring. The slowdown is a reminder that the job market's path back to full health will be uneven. The Labor Department said Friday that the unemployment rate dipped to 7.6 percent from 7.7 percent. While that is the lowest rate in four years, it fell last month only because more people stopped looking for work. The government counts people as unemployed only if they are actively looking for a job. First, there was no period of "strong hiring" despite the Post's spin. The average monthly gain was about 200,000. It would take 7 years generating that number of jobs monthly to reach...(Read Full Post)

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