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March jobs data countered by April jobless figures
The surprise stumble in job growth in March appears to have been an “aberration” according to economists analyzing the new unemployment figures released this week.
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According to Michael H. Strauss, chief economist at Commonfund, these figures suggest that the sharp slowdown in employment growth in March was a result of more people being hired in February, filling early the jobs that might have been available in March. Only 88,000 workers were added to payrolls in March compared to the 268,000 increase in February.
More positive news comes in a second report from the Labor Department which showed little sign of inflation, thanks to lower import prices and a drop in the cost or petroleum paired with a stronger U.S. dollar.
SOURCE: New York Times
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