Another Spring Slump for Jobs
May 4, 2012
By Matt McDonald, (202) 822-1205, mmcdonald@hamiltonps.com
Another winter of hope, another spring of disappointment. With just 115,000 new jobs, and a drop in the unemployment rate driven entirely by people leaving the workforce (the household survey actually showed job losses for the second month in a row), the April jobs number disappointed even low expectations. After multiple years of spring slumps and constant revising up of previous months, it bears discussion of whether the…
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