Unemployment Rate Down to 7.6 Percent on Anemic Job Growth
Rate dropping as people drop out of labor pool
Employers added a disappointing 88,000 jobs in March, confirming fears of a slowdown in payroll growth that economists say could persist for several months. The number of new jobs is less than half what economists had forecast.
The unemployment rate fell to 7.6% from 7.7%,largely because 496,000 Americans stopped working or looking for work, the Labor Department said Friday in its monthly employment report.
Hide Comments (0)
Editor's Note: As of February 29, 2024, commenting privileges on reason.com posts are limited to Reason Plus subscribers. Past commenters are grandfathered in for a temporary period. Subscribe here to preserve your ability to comment. Your Reason Plus subscription also gives you an ad-free version of reason.com, along with full access to the digital edition and archives of Reason magazine. We request that comments be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of reason.com or Reason Foundation. We reserve the right to delete any comment and ban commenters for any reason at any time. Comments may only be edited within 5 minutes of posting. Report abuses.
Please
to post commentsMute this user?
Ban this user?
Un-ban this user?
Nuke this user?
Un-nuke this user?
Flag this comment?
Un-flag this comment?