The Bureau of Labor Statistics released its "Employment Situation Summary" for the month of March. The unemployment rate dropped to 8.2 percent from 8.3 percent in February, while nonfarm payroll employment slightly increased by 120,000 (clearly disappointing).
Nonfarm payroll employment rose by 120,000 in March, and the unemployment rate was little changed at 8.2 percent, the U.S. Bureau of Labor Statistics reported today. Employment rose in manufacturing, food services and drinking places, and health care, but was down in retail trade...[Continue]
Mark Thoma provides a good interpretation of today's news: Jobs Report Shows Weakness. Will Policymakers Respond?