March jobs report: Hiring slows, Unemployment falls to 8.2% - Apr. 6, 2012 Hiring slowed dramatically in March, clouding optimism about the strength of the recovery. Employers added 120,000 jobs in the month, the Labor Department reported Friday, falling far short of economists' expectations. The U.S. lost 4.3 million jobs in President Obama's first 13 months in office. Track his progress since then.The number marked a significant slowdown in hiring from February, when the economy added 240,000 jobs. "It's discouraging that job growth was half of what it had been the previous month," said Christine Owens, executive director of the National Employment Law Project. Job growth of around 120,000 is just about enough to keep up with population growth, and is therefore more like "treading water" than a major improvement, Owens said. Meanwhile, the unemployment rate fell to 8.2% as the labor force shrank by 164,000 workers, mostly due to white women leaving the job market. Economists attributed part of the hiring slowdown to an unseasonably warm winter that boosted job growth in January and February. The Labor Department adjusts its data to account for seasonal trends, and the warm weather may have distorted those calculations. ************************************* I listened to Kudlow on the radio for a bit this afternoon. He indicated that growth is about 2.4% under Obama post recession trough. Under Reagan it was 6% for the two years following. We simply are not strong enough to generate the jobs. President Obama is doing a great job.....or ruining this country. Time to send him packing.