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New Jobs Report 'Should Be A Wake-Up Call,' Analyst Says

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WASHINGTON -- Nearly half a million Americans left the labor force in March, the U.S. Labor Department announced Friday, causing the unemployment rate to decline from 7.7 to 7.6 percent.

Part of the reason fewer people are participating in the labor force is that the baby boomers are hitting retirement, but another part is that the economy is lousy. Employers added only 88,000 jobs in March, the fewest in any month since June.

"This should be a wake-up call," Mike Evangelist, a policy analyst for worker advocacy group the National Employment Law Project, said in an interview. "We had had pretty consistent job growth the last couple months, and it just so happens the month they enacted all these austerity measures we had terrible growth."

Job creation slowed in the same month federal policymakers pursued significant budget cuts known as sequestration, the latest and greatest in a series of reductions to government spending. The cuts have already resulted in layoffs and furlough notices for some federal workers. New unemployment claims rose sharply last week.

The number of long-term jobless declined slightly from 4.8 million to 4.6 million in March, though the decline probably has as much to do with hiring as people giving up on their search for jobs. Workers are considered long-term unemployed if they've been looking for work for at least six months. A person who hasn't tried to find a job within four weeks of the government's survey doesn't count as unemployed at all.

http://www.huffingtonpost.com/2013/04/05/new-jobs-report_n_3016714.html

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Just so happens...

just so happens Obama is about to release his final budget too

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I said just after the elections this # will be very criical in Nov '13. If this trend keeps going look out.

You can't raise taxes on those still working and think that's it. We have to job growth our way out.

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Looks like our Republican friends knew just what they were doing. Congratulations. And G5, you can shut up, as everyone with half a brain knows who forced this upon us out of spite, and are going to know whose policies are responsible for it despite all your attempts to deflect.

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Looks like our Republican friends knew just what they were doing. Congratulations. And G5, you can shut up, as everyone with half a brain knows who forced this upon us out of spite, and are going to know whose policies are responsible for it despite all your attempts to deflect.

Typical response of Obama and his supporters...keep blaming someone else for the crappy job he is doing.

Man has been in office for 5 years and still has not even submitted his budget.

He has sucked ass as a president, yet his staunch supporters still believe he is a success. Guy has been the worst president in history...and it is not even close.

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when he sends 4500 kids off to their deaths in a country that posed no threat to us maybe you would have a point but seriously you have no freaking idea what you are saying.

4500 dead Americans, thousands more injured for life FOR NOTHING, vs. not submitting a budget (but he has because I hear you all laugh when it gets rejected so another lie, thanks) you are a joke.

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The plan is working perfectly

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Looks like our Republican friends knew just what they were doing. Congratulations. And G5, you can shut up, as everyone with half a brain knows who forced this upon us out of spite, and are going to know whose policies are responsible for it despite all your attempts to deflect.

Typical response of Obama and his supporters...keep blaming someone else for the crappy job he is doing.

Man has been in office for 5 years and still has not even submitted his budget.

He has sucked ass as a president, yet his staunch supporters still believe he is a success. Guy has been the worst president in history...and it is not even close.

when he sends 4500 kids off to their deaths in a country that posed no threat to us maybe you would have a point but seriously you have no freaking idea what you are saying.

4500 dead Americans, thousands more injured for life FOR NOTHING, vs. not submitting a budget (but he has because I hear you all laugh when it gets rejected so another lie, thanks) you are a joke.

This is where both Reps and Dems want us. While they and those who put them in office rob us blind and our liberties are stripped.

Stopmtryingno blame, drop your bullshit party flag waving and start supporting some candidates worth a damn.

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Don't blame me, I voted Green.

1 person likes this

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CWG's still fighting GWB...

Obama's never going to be responsible for his tenure.

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He already is. First off, he hasn't gotten us in a needless war where he sends our kids off to die for no reason, which apparently you have gotten over.

I haven't. I never will. To suggest anything Obama has done can even come close to that is simple blindness. Add to that the real spending issues of the last 12 years belong to GWB and not Obama if you like but it pales in comparison.

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and it continues.

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