Payrolls Drop by 125K

The jobless rate falls as the economy struggles to recover.


In case you haven't noticed, the economic recovery that the U.S. has been hoping for is slowing. Unemployment dropped to 9.5 percent -- the lowest level since July 2009 -- from 9.7 percent. But the reason for the decline was that more than 650,000 people gave up on their job searches and left the labor force. Want to know why? Employers cut 125,000 jobs last month, the most since October. The loss was driven by the end of 225,000 temporary census jobs. Businesses added a net total of 83,000 workers, the sixth straight month of private-sector job gains, but not enough to speed up the recovery. We're still trying to figure out how to stimulate the economy when Republicans and some Democrats vote against measures that will do just that. It isn't rocket science. No stimulation, no economic recovery.

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