A Dismal Jobs Report

According to the U.S. Department of Labor, the civilian labor force declined by 496,000 as the unemployment rate fell to 7.6% and non-farm payroll increased only by 88,000. We need non-farm payroll numbers to increase by around 150,000 or more to keep up with population growth.  In short, a dismal, very dismal report.

I’d prefer see people entering the labor force with an unemployment rate around 8 to 8.3%.  I expect we’ll see a jump in labor force participation in May and June as graduates dip their toes into the labor markets.  Until then, enjoy the spring weather …

Now you see why politicians talk so much about social issues. The conversation distracts us from what’s really important: jobs and capital.

About Alton Drew

Alton Drew brings a straight forward and insightful brand of political market intelligence. Alton Drew graduated from the Florida State University with a Bachelor of Science in economics and political science (1984); a Master of Public Administration (1993); and a Juris Doctor (1999). You can also follow Alton Drew on Twitter @altondrew.
Aside | This entry was posted in Economy, unemployment and tagged , . Bookmark the permalink.

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