Today’s jobs report was not good. From December to February, net job creation surpassed 200,000 per month — and while estimates vary about how many new jobs are needed each month simply to keep pace with population growth, pretty much everyone agrees anything north of 200,000 is good news. But in March, the Bureau of Labor Statistics’ initial estimate is a disappointing 120,000. That was the worst monthly showing since October, and the worst figure for March since 2009. It doesn’t represent the kind of growth that heralds a reinvigorated labor market.
What’s up with the economy?
- It’s just treading water (39 Votes)
- It’s gaining ground (28 Votes)
Total Voters: 67
The unemployment rate fell to 8.2 percent from 8.3 percent, but that had a lot to do with people giving up on finding jobs and exiting the labor force. At this stage of an economic recovery, people ought to be rejoining the labor force as they see an uptick in hiring.
Now, the dip in March could