FORBES: …Employment increased by 119,000 after a downwardly revised 201,000 gain a month earlier, according to the monthly report from payroll giant Automatic Data Processing. Economists had expected companies to add considerably more workers in April, closer to 183,000.
Two consecutive months of lackluster job growth will spark fresh fears on the durability of the recovery. It will also prompt worries—and memories— of 2010 and 2011, when economic growth early in the year gave way to spring swoons.
The decline in growth was broad last month, coming across most sectors and industries. Service-providing employers still added the most, some 123,000 new jobs. The manufacturing and construction sector also hired fewer workers after months of growth… (more)
EDITOR: This is perhaps the first time in American history that a political party in Congress has purposely prolonged a recession to gain political advantage.
