Jobs In March

There is speculation that the rise in oil and food prices coupled with the trifecta of disasters and problems in Japan, Libya, and Europe will dampen the already depressed jobs market.

This coming Friday is the big day when the government rolls out numbers on employment growth in March. Regardless of the numbers, unemployment as you know remains extremely high and even a 200,000 jobs increase in March would barely touch the need.

Reuters: Jobs, the lagging indicator once more?

Friday brings the March employment report, and economists polled by Reuters are looking for growth of about 188,000 jobs, with the unemployment rate holding steady at 8.9 percent.


Many economists have downgraded growth prospects for the first quarter, partly because of rising oil prices that threaten to curtail consumer spending.