March Job Growth Roughly Half Of What Was Expected
Nonfarm payrolls rose 103,000 in March while the unemployment rate was 4.1 percent, falling well short of Wall Street expectations, according to a government report Friday.
Economists had been expecting a payrolls gain of 193,000 and the unemployment rate to decline one-tenth of a point to 4 percent.
The report comes amid a series of mixed signals for the economy.
Data earlier this week showed factory orders on the rise though spending is slowing. Consumer sentiment is at a 14-year high, but worries are percolating over a brewing trade war between the U.S. and China.
MARKET NEWS: Dow tumbles 300 points on trade worries
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I think the president, whoever it is, gets too much blame when the economy is less than good, and too much credit when it is good.
I doubt Trump will take responsibility though for a Jobs Report that fell short.
Of course with low unemployment the Jobs report will not be positive every month. I have the feeling though there will be a downturn sometime during Trump's term in office. Who will he blame?
So true, but that's always the way it goes. I think George W Bush had to be the unluckiest President in modern times. He came into office as the tech bubble was bursting, endured the 9/11 attack and left office at the time of the financial crisis, which he had warned about.
I doubt Trump will take responsibility though for a Jobs Report that fell short.
Nope
Of course with low unemployment the Jobs report will not be positive every month. I have the feeling though there will be a downturn sometime during Trump's term in office. Who will he blame?
Who better than the resistance in Congress
The lesson to be learned here is don't believe the economists predictions because they often end up with egg on their face.
You forgot the bit 'bout how the unemployment rate was 4.1%
The U.S. gained just 103,000 new jobs in March to mark the smallest increase since last fall, but the latest report on employment still shows the tightest labor market in nearly two decades.
Economists polled by MarketWatch had forecast a 170,000 uptick in new nonfarm jobs.
The unemployment rate, however, clung to a 17-year low of 4.1% and i t’s expected to go even lower in the months ahead . Job openings are at a record high and big and small firms alike say they plan to add more workers.
US stock market is plummeting today, off 700 pts. as of this time.
Well, hell, it's Friday.
Yeah, people are bailing since there is no telling what foolishness Trump will pull this weekend...
The DOW is off about 3,000 points recently. That is into correction territory. Will Trump's Recession follow soon?
Today's jobs report was disappointing with only 103,000 non-farm jobs created in March about half of expected...