America's job-creation engine sputtered in March as employers hired fewer workers than forecast even as the labor force continued to shrink.
Payrolls grew by 88,000, the smallest gain in nine months and less than the most-pessimistic forecast in a Bloomberg survey.
Stocks and bond yields tumbled as the report was released.
Payrolls grew by 88,000, the smallest gain in nine months and less than the most-pessimistic forecast in a Bloomberg survey.
Stocks and bond yields tumbled as the report was released.
The share of the working-age population in the labor force fell to 63.3 percent, the lowest since May 1979. That means that more workers have simply given up and are no longer trying to find jobs.
None of this is good news for the economy.
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