A worker carries a screw gun as he rebuilds a boardwalk destroyed by Superstorm Sandy nearly five months ago, in Bay Head, New Jersey March 21, 2013. (REUTERS/Lucas Jackson).
Bad News in March: Tepid Job Gains and a Shrinking Workforce
April 5, 2013,
The slower-than-expected job gains in March may foreshadow a slowdown in payroll growth over the next few months as fiscal contraction at the federal level begins to bite, writes Gary Burtless. Burtless examines the disappointing BLS jobs report for March, finding that most of the drop since last November is explained by continued weakness in the job market and the decline in the availability of long-term unemployment benefits.