National & World News

Jobs report: Hiring slows severely in March

By Tami Luhby

NEW YORK (CNNMoney) — Hiring slowed sharply in March, with the economy adding only 88,000 jobs, the lowest monthly gain since last June.

The unemployment rate slipped to 7.6%, according to a Labor Department report released Friday. But it’s not good news: It’s because nearly 500,000 people dropped out of the labor market.

Economists surveyed by CNNMoney were expecting an increase of 190,000 jobs in March. They had expected the unemployment rate to hold steady at 7.7%.

The monthly jobs data concluded a week of downbeat labor market news.

A report Thursday showed that initial unemployment claims jumped 28,000 for the week ending March 30.

On Wednesday, payroll processor ADP said that private sector hiring had slowed in March, due in large part to a slowdown in construction.

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7 Comments to “Jobs report: Hiring slows severely in March”

    Guest said:
    April 5, 2013 at 9:08 AM

    Obama says the jobs are here and economy is recovering! This story must be a lie.

    Guest said:
    April 5, 2013 at 9:09 AM

    Why work when Obama will give you the free hand out?

    Obama said:
    April 5, 2013 at 9:44 AM

    Fuck obama! Why work when you can just sit at home and get free living, free health care, free cell phones…. Its a joke!

    Guy said:
    April 5, 2013 at 11:56 AM

    I can't believe some of you people still support that animal Obama.

    southsideguy said:
    April 5, 2013 at 12:07 PM

    you wont see any true Obama supporters on here to dispute the facts , they may come on here and regurgitate the same old spin and lies they give and they will for sure (not knowing your race ) call you a racist if you diagree with his policies . but not use thier own minds and facts .

    Lee said:
    April 5, 2013 at 12:15 PM

    You racist! Obama leads our people from the chains of the whitey man. We finally has a voice and hour time has cum to overcome. We tried of you racist whites,

    Axl said:
    April 5, 2013 at 6:14 PM

    La la la la laaaaa it's what I tell ya