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CNNW Your Money April 8, 2012



before. at last slow down in that trend. private sector is carrying things here, no question. but the private sector slowing down a bit too, ali. christine, something that you and i study very carefully, this is a consumer-driven economy, so we study retail sales. the retail sales for the last month came out this week, and they were exceptionally strong. much stronger than economists were expecting. so why did we see losses in retail jobs? it s so interesting, because you saw 33,800 retail jobs lost in the month, and that was a little bit of surprise to people. the only place you saw strength in retail was home and garden centers, surprise, surprise, because of all of the great weather. so even though you ve seen some strength from the consumer lately, this is something, overall, that might be a little bit of a concern. we did see some strength, quickly, i want to show you in manufacturing, ali. 37,000 jobs created in manufacturing. that s a trend we ve seen kind of ....

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CNNW Your Money April 7, 2012



that actually represents a slowdown in hiring and leaves us wondering why. are there enough jobs out there to sustain our fragile recovery? christine romans, the host of your bottom line, has been studying the numbers. break it down for you. i put it on a chart an graphic to show you the jobs report, ali. you make a good mount. 120,000 jobs created is a big slowdown from the pace we ve seen over the last few months. 8.2% unemployment is a drop but not making people happy. you had people dropping out of the labor market, 164,000 people dropped out of the labor market. that s why the jobs number went down, unemployment went down. focus on the overall job creation. i want to show one of the things you ve been watching also, the public sector jobs. only about 1,000 government jobs were lost. we lost about 6,000 the month before. a slowdown in that trend. private sector carrying things but the private sector slowing down, too. christine some is something we study careful ....

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