Monday, April 8, 2013

Why US Jobs Market Is Going to Get a Lot Worse

Weak U.S. jobs data on Friday confirmed the worst trading week this year for European and U.S. stocks, and now analysts are warning that investors should brace for further trouble ahead as fiscal tightening begins to take its toll.
Friday's jobs report came in well below expectations, raising concerns that the recovery in the world's largest economy is weakening. March's participation rate was at its lowest since 1979, according to the U.S. Bureau of Labor Statistics. Just 88,000 jobs were added to the economy last month, although the unemployment rate fell to 7.6 percent from 7.7 percent in February.

Read more: http://www.cnbc.com/id/100622802?__source=yahoo|headline|other|text|&par=yahoo

1 comment:

Marry Jones said...

Because not actions have been taken toward reducing the number of unemployed people; simply because there was no financing at all or it was that poor it could not influence anything, because whoever is managing jobless market is doing it incorrectly...list goes on. I wonder if there will be at least unemployed benefits for our nation. Because they surely do not need to turn to credit unions or possibly to payday lenders, you know