The painfully slow recovery in the labor market

From CNBC:

U.S. payrolls rose far less than expected in March, keeping the door open for further monetary policy support from the Federal Reserve, even as the unemployment rate fell to a three-year low of 8.2 percent.

Employers added 120,000 jobs last month, the Labor Department said on Friday, the smallest increase since October....

The drop in the unemployment rate, to the lowest level since January 2009, reflected a drop in the labor force....


The painfully slow recovery in the labor market is a concern for Fed Chairman Ben Bernanke, who is keeping open the option of further monetary policy support for the economy if the unemployment rate remains stubbornly high.

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Link: http://www.cnbc.com/id/46975031