Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

Unemployment Drops to 8.2%

But economy adds just 120K jobs

By Evann Gastaldo,  Newser Staff

Posted Apr 6, 2012 7:42 AM CDT

(Newser) – The unemployment rate dropped to 8.2% last month, but the economy only added 120,000 jobs, when 203,000 new jobs had been predicted, according to today's jobs report. Reaction on the Wall Street Journal's MarketBeat Blog was swift: "Woah!!! Bad number." The unemployment rate, however, is better news; it had been expected to hold steady at 8.3%. But the AP notes that the dip is mostly due to more Americans giving up on seeking employment.

Job seekers stand in line during the Career Expo job fair Wednesday, March 7, 2012, in Portland, Ore.
Job seekers stand in line during the Career Expo job fair Wednesday, March 7, 2012, in Portland, Ore.   (AP Photo/Rick Bowmer)
« Prev« Prev | Next »Next » Slideshow
My TakeCLICK BELOW TO VOTE
9%
9%
16%
53%
3%
10%
To report an error on this story, notify our editors.
COMMENTS
Showing 3 of 76 comments
CaroKann
Apr 7, 2012 9:24 AM CDT
People don't seem to realize that these numbers reflect the people who are STILL SEARCHING for a job. People are so frustrated with looking for work they have given up looking for a job altogether! Bad news for the Republicans! derp derp.
SilenceDogood
Apr 6, 2012 6:15 PM CDT
What a load of horsehit, look at the U6 numbers. http://www.shadowstats.com/alternate_data/unemployment-charts
myflap.blow
Apr 6, 2012 3:31 PM CDT
I see operation "Rosie Prediction" isn't quite working entirely as planned... although operation "Cut Education So Americans Won't Understand Our Twisted Math" has them popping champagne
Money • US

 
unemployment • US economy • unemployment rate • jobs

 
NEWS FROM OUR PARTNERS
Other Sites We Like:   24/7 Wall St.   |   BuzzFeed   |   Cracked   |   Timelines   |   POPSUGAR Tech   |   Business Insider   |   HuffPost Entertainment   |   NewsOne