US Job Growth Slows in March, Unemployment still Decreases to 4.5%

[Darkride196]

[url]http://www.reuters.com/article/us-usa-economy-jobs-idUSKBN1791WM?utm_source=Facebook&utm_medium=Social[/url]

[QUOTE]U.S. job growth slowed sharply in March amid continued layoffs in the embattled retail sector, but a drop in the unemployment rate to a near 10-year low of 4.5 percent suggested labor market strength remained intact.
[B]
Nonfarm payrolls increased by 98,000 jobs last month, the fewest since last May, the Labor Department said on Friday.[/B]

Job gains, which had exceeded 200,000 in January and February, were also held back by a slowdown in hiring at construction sites, factories and leisure and hospitality businesses, which had been boosted by unseasonably warm temperatures earlier in the year.

In March, temperatures dropped and a storm lashed the Northeast and Midwest. Economists said bad weather accounted for the stepdown in hiring. The two-tenths of a percentage point drop in the unemployment rate from 4.7 percent in February took it to its lowest level since May 2007.

"The disappointing gain in nonfarm payrolls in March is a bit of a head fake that doesn't reflect the underlying strength and momentum in the labor market," said Scott Anderson, chief economist at Bank of the West in San Francisco.[/QUOTE]

[Thomas45]

Will Trump take credit for the slump this time as well?

[Darkride196]

To be honest i would say to be prepared for another recession. Without protections this time.

[aznz888]

[QUOTE=TheDestroyerOfall;52072649]To be honest i would say to be prepared for another recession. Without protections this time.[/QUOTE]

The market's been primed for a recession for a while, with or without Trump as president. It wouldve been his policies that would've helped slow it though, if it does occur under his presidency.