Unemployment Falls to 8.1%, but News Not All Good
Just 115K jobs added in April: jobs report
By Evann Gastaldo, Newser Staff
Posted May 4, 2012 7:43 AM CDT
Updated May 4, 2012 7:53 AM CDT
In this April 24, 2012 file photo, job seekers wait in line during a job fair, In Portland, Ore.   (AP Photo/Rick Bowmer, File)

(Newser) – The unemployment rate fell to 8.1% in April, the lowest it’s been since January 2009, the Wall Street Journal reports. But that still gets an "ouch" from blogger Steven Russolillo since just 115,000 jobs were added, when as many as 168,000 had been expected. "It fell below expectations and even came in under the so-called 'whisper numbers,'" which were around 125,000, he writes.

Plus, Paul Vigna adds, the unemployment rate has fallen in part because more people are "dropping out of the labor force," with the participation rate falling to 63.6%. The better news: Jobs for March and February were both revised upward, to 154,000 and 259,000, respectively. Even so, the AP points out, this is the second consecutive month of slow hiring, proving that the economy is still weak.

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Showing 3 of 161 comments
beckjr2000
May 4, 2012 4:06 PM CDT
The job market is lousy and will remain that way until this administration is thrown out. The "employment numbers" are being twisted to reflect what this administration wishes it were. If you like this economy vote again for the worst President in modern history.
tran_tor
May 4, 2012 3:28 PM CDT
College graduate in Chemistry, near the top of her class from a respected university, published several times. Has worked 2 poorly paid temp positions in the last two years. Both without benefits. Currently unemployed. Dealing with the issue that she's 4 years out of college with no job. Lib or Con, doesn't matter. Tired of all the bickering from the left and right about who's right and who's wrong. The job market sucks and an 8.1% on the front page isn't going to pay the bills.
Ucantusethatname
May 4, 2012 12:07 PM CDT
How about the truth. The real unemployment rate is 15-20%. Thousands of Americans have stopped evening looking for jobs. There are no jobs for 50% of college graduates.