POLITICO: A tepid jobs report on Friday showed the economic recovery has yet to turn the corner despite expectations among some economists and market watchers that robust jobs growth in March would put an end to several months of weak data.
The economy added 192,000 jobs in March and the unemployment rate remained at 6.7 percent, the Labor Department reported. The report fell slightly below expectations: the consensus number among analysts was around 206,000 jobs added, according to a Bloomberg survey.
The average number of jobs created each month over the last year now stands at 183,000 — below the level of growth that economists want to see as a part of the ongoing recovery… (more)
