Fri Apr 6, 2012, 07:41 PM
woo me with science (32,139 posts)
US hiring slowed sharply in March; unemployment fell to 8.2 percent.
The recent improvement in the nationís job market slowed substantially in March as employers expanded payrolls by 120,000 jobs, the Labor Department reported Friday.
The number of new jobs fell far below economistsí estimates and marked the first time since November that employers added fewer than 200,000 jobs. Despite the disappointing numbers, the nationís unemployment rate ticked down to 8.2 percent.
The U.S. job market: Where do we stand?: The Labor Department released a report on Friday that showed that employers added 120,000 jobs in March. The unemployment rate dropped to 8.2 percent as more people stopped looking for work, according to the Associated Press.
The extremely high jobless rates that African Americans and Hispanics have endured for years continued last month, with black unemployment at 14 percent and Hispanic joblessness at 10.3 percent, the government reported....The jobs report also showed little change in the plight of workers who have been out of work for six months or more. The number of long-term unemployed was essentially unchanged at 5.3 million, and they account for 42.5 percent of the overall nationís jobless population, the report said.
3 replies, 791 views
Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
US hiring slowed sharply in March; unemployment fell to 8.2 percent. (Original post)
|woo me with science||Apr 2012||OP|
|regnaD kciN||Apr 2012||#2|
Response to woo me with science (Original post)
Fri Apr 6, 2012, 09:11 PM
regnaD kciN (18,060 posts)
2. According to Nate Silver, say hello to President Mittens...
Based on his analysis, Nate posted several months ago that, for Obama to have even a chance of re-election, the economy had to add at least 150,000 new jobs every single month through November. Note he didn't say an average of that many jobs; he said at least that many each month. So, according to his predictions, Romney will become our 45th president next January 20th.