- U.S. job growth slows as jobless face benefit cuts, By Marilyn Geewax, April 5, 2013, National Public Radio: “The 11.7 million Americans searching for work got discouraging news Friday morning when the Labor Department said employers created only 88,000 jobs in March. The weak job growth comes at the same time benefits for the long-term unemployed are shrinking. The smaller-than-expected increase in payrolls was a big disappointment, coming after a long stretch of much better results. Over the past year, employment growth has averaged 169,000 jobs a month…”
- Hiring slowed to 88K jobs in March; unemployment rate drops to 7.6 percent, By Ylan Q. Mui, April 5, 2013, Washington Post: “The U.S. economy will face the brunt of massive federal spending cuts just as growth in private sector jobs is plunging, according to government data released Friday. Businesses created a paltry 88,000 jobs in March — less than half what Wall Street had expected. The news sent stock markets tumbling by more than 1 percent during morning trading. The disappointing job growth is the result of weaker performance in critical industries and the steady decline in the government workforce…”
- Hiring in U.S. tapers off as economy fails to gain speed, By Catherine Rampell, April 5, 2013, New York Times: “It looks as if the ‘spring swoon’ is back. American employers increased their payrolls by 88,000 last month, compared with 268,000 in February, according to a Labor Department report released Friday. It was the slowest pace of growth since last June, and less than half of what economists had expected. It also was the start of a third consecutive spring in which employers have tapered off their hiring, even after the Labor Department adjusted the numbers for the usual seasonal changes…”
Poverty-related issues in the news, from the Institute for Research on Poverty