One month of slower job growth might have been a blip. Two suggest a worrisome trend: The economy may be faltering again.
The United States generated just 115,000 jobs last month, well below expectations and the fewest since October. The unemployment rate fell to 8.1 percent, but for the wrong reason — workers abandoned the labor force.
From December through February, employers added 252,000 jobs a month on average. But the figure dipped in March and dropped further in April, raising doubts about an economic recovery that can’t seem to reach escape velocity.
The report Friday by the Labor Department indicated “an economy that is losing momentum — especially on the jobs front,” said Tom Porcelli, chief U.S. economist at RBC Capital Markets.
It also dealt a blow to President Barack Obama’s re-election prospects. His presumed Republican opponent, Mitt Romney, called the report “very disappointing.”
Romney said the country should be adding 500,000 jobs a month and said any unemployment rate above 4 percent is “not cause for celebration.” The rate has not been that low seen since the last days of the Clinton administration.
“We seem to be slowing down, not speeding up,” Romney said on Fox News Channel. “This is not progress.”
Read more at Official Wire. By Christopher S. Rugaber And Paul Wiseman, AP.
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The question here for me, at least, is “what do you mean by “faltering again”? When did it do anything BUT “falter” since this sorry excuse for a “president” (I don’t consider him my president, BTW) took office? Nothing has done anything BUT FALTER since he “swore to uphold the United States Constitution, and to protect and defend” our nation from enemies both inside and out…………he IS THE ENEMY! How can he protect us from HIMSELF, other than just getting the hell out! He has done nothing but ATTACK us and every right we have ever enjoyed as a freedom loving society, from the start, and the beginnings of it go right back to day one in office, when his brain fart, by the name of “Obamacare” was given “a life of it’s own”. This FART, was the death knoll of freedom of choice for all Americans, and it will only grow worse over time, if not stopped dead in it’s tracks. What is stopping dead in her tracks is the American dream, and instead is replaced by the American NIGHTMARE! It masquarades around in our country as “help”, when instead it is the exact opposite of help, it is meant to disable we, the people, as much as possible. And the best way to do that is to slow jobs, until there are NO JOBS, so that he can rush in and “create jobs” as if he is truly the “ONE” Sent to save us from our ills as a nation! Check out the History of Austria/Germany in the time before WW2, see what history tells you of how Austria lost her rights as a free nation by ELECTING Hitler by a landslide then, and how insidiously Hitler put his Nazi plan into effect there…………..slowly, the Austrians lost their rights, and their identies as a people, and then, the real hell followed. Google it, see our own destiny, if this traitor, communist, mu SLIME, evil incarnate, is not stopped. He and his czars, his butt licking sycophants, will rip us apart, and tear us to shreds, if we do not realize what he truly has planned for America, and for all Americans who loved our nation as she was before we foolishly ALLOWED this to happen to us……that being, ALLOWED this evil being to be elected, while we stood by and did not stop it from happening! Do we stand by again, and ALLOW him to finish what he started and had planned in 2008? This EVIL MUST BE CLEANSED FROM OUR CAPITOL AND FROM EVERY ASPECT OF OUR NATION IF WE ARE TO REMAIN A FREE PEOPLE, ONE NATION UNDER GOD!!!