The nation’s employers are creating jobs at less than half the pace they were when this year began, according to a government report released Friday.
The addition of just 115,000 jobs in April was disappointing, but economists urged no panic just yet. Maybe the unusually warm winter had encouraged companies to do their spring hiring a little early, they offered in one of several theories. Maybe high gas prices, now falling, temporarily discouraged job growth. Better yet, maybe this latest report understates how many jobs were added, since the initial estimates for earlier months have been revised upward.
But no matter which hopeful explanation you choose, America’s 13.7 million jobless workers still look pretty discouraged.
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Filed under: * Economics, Politics Economy Consumer/consumer spending Corporations/Corporate Life Labor/Labor Unions/Labor Market The Credit Freeze Crisis of Fall 2008/The Recession of 2007-- Politics in General
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