Job growth appeared to slow drastically during March, as employers added 88,000 new jobs, down from 268,000 in February. The unemployment rate went down a tick, from 7.7 percent to 7.6, but that was due to a reduction in the labor force.
The labor market—and the economy overall—is improving, albeit gradually, with employers adding 236,000 jobs in February. That gain brought the unemployment rate down a few ticks from 7.9 percent to 7.7, its lowest point in four years.
Hey, did you hear the good news? We managed to avoid soaring headlong off the fiscal cliff yesterday. Granted, the House pulled the plug on a bill providing emergency aid to people whose lives were destroyed by Superstorm Sandy to do it. But they did it. Hooray!(?)
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