US unemployment claims signal slower hiring

Discussion in 'Economy' started by Nova78, Apr 19, 2012.

  1. Nova78
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    Nova78 Silver Member

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    US unemployment claims signal slower hiring | Comcast


    "Discouraging news on initial jobless claims suggests job growth is slowing," said Jennifer Lee, an economist at BMO Capital Markets. "Still growing, mind you, but at a slower pace."

    Hiring weakened in March after a fast start this year. Employers added only 120,000 jobs in March — half the pace of the previous three months.

    Many economists downplayed the weak March figures, noting that a warmer winter may have led to some earlier hiring in January and February. They have noted that the economy has added an average of 212,000 jobs per month in the January-March quarter, well ahead of last year's pace.

    Shit Obama, what happened to all them shovel ready jobs....
    $obama.jpg
     
  2. bugs
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    bugs Senior Member

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    386,000 newly Unemployed! how is that good? :confused:
     

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