Moderate slowdown: 120k jobs created in March, unemployment at 8.2%, Latino jobless rate falls to 10.3%
The unemployment rate shrank because fewer people sought work in March, not because more people found jobs. (Flickr: jeremy.wilburn)
The economy added 120,000 jobs while the unemployment rate ticked slightly down to 8.2 percent in March as the labor force shrank, according to the government’s monthly jobs report released Friday.
The unemployment rate for Latinos fell from 10.7 percent to 10.3 percent also because fewer people reported they are seeking work. The number of jobs created was about half of what economists expected, and ended three straight months of the economy adding 200,000 jobs. At the same time, the report does not signal a sharp slowdown.
Still, the report likely won’t please President Obama considering the March jobs report ended a streak of strong growth.
Stayed tuned to the Univision News tumblr page for more analysis on what this means politically and economically.