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Jay carney blamed the sequester for ugly new numbers. despite a number of economists saying it s too soon to see much from those budget changes we saw thanks to the sequester. peter barnes has more live in washington, peter. hiring hit in a wall in march after decent increases in previous months and the economy adding just 88,000 jobs last month as you said and that was less than half of what economists were expecting. and the unemployment rate, unexpectedly dropped to 7.6% from 7.7. in february, but that was mainly because a half a million people left the labor force in march for one reason or another. almost every sector showed slower growth or job losses last month. manufacturing fell by 3,000 jobs, construction added 18,000, but it had jumped 50,000 in february. retailers cut 24,000 jobs, which may reflect that 2% increase in the payroll tax ....
Correspondent and host of bulls and bears, brenda buttner. harris, we d have to work a lot harder to find a jobs report much worse than this at this stage of the recovery, just 80 k jobs created. the unemployment rate at 8.2%, stubbornly glued there three he of the last four months and adding up to the weakest quarter of jobs growth since the labor marked picked up a bill in 2010. hiring, slowed almost every w, retailers cut, construction demolishing jobs and the engine of the recovery so far, manufacturing barely added 11,000 jobs, but the headline number of 8.2%, doesn t tell the whole story. if you add in discouraged workers and part-time workers who want to be full-time, the real rate is almost 15%. that s the same rate that african-americans face, about 14.4% of those looking for work can t find it. hispanics not far behind a 11% ....