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Transcripts For CNNW CNN Newsroom 20120505

all eyes were on the april jobs report this week. welcome to your $$$$$. fewer jobs than expected were created and the labor force participation rate dropped to its lowest level since 1981. hold organizati hold organization i ll tell you what that is. bottom line, this was not a good report. chris even romans is here to break it down for us. 115,000 jobs isn t enough to convince anyone there s robust hiring going on here. hiring actually slowing in 8.1% as you point out is a drop in the unemployment rate, but it s because so many people dropped sought of the workforce in the month. let s take a look at where there were jobs created. health care, we ve seen that z consistently. health care, 19,000 jobs there. also saw jobs in leisure and hospitality. again, many of these are low wage jobs and that s a big question about the durability of the american dream with the kinds of jobs we re creating. retail jobs, 29,000 jobs created there. reversal from last month when we didn t

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