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Apr 06

Very weak jobs report

bigzman Posted by: bigzman Print PDF
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If you are reading this on Good Friday or shortly after the Easter holiday, you didn't miss much.

Only 120,000 jobs were created in March--mostly in manufacturing and a scant 15,000 in banking/finance.

Retail took the biggest hit, along with a meager 7,500 jobs lost in the temporary sector.  That was understood because of the surprisingly warm weather when spring began way earlier than normal for most of the northern half of the U.S. where most cities large and small set weather records as the warmest March on record.

But still, the unemployment rate is at 8.2 percent.  Keep that number in mind once the college graduates enter the labor force for the first time.

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