NewsFlash: April 6, 2007
Job market bucks slowing trend in rest of economy
The unemployment rate dropped, and jobs grew by a healthy 180,000 last month, with an average payroll growth over the last three months of 150,000, according to today’s Jobs Picture by senior economist Jared Bernstein. With recent reports of sluggish growth in GDP, productivity, capital investment, and especially housing, “this suggests the labor market is bucking the slowing trend in the rest of the economy,” said Bernstein.
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