MONEYWATCH
Unemployment rate drops, job creation stagnates
May 04, 2012
May 04, 2012
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(MoneyWatch) The U.S. economy added 115,000 new jobs in April and the unemployment rate fell to 8.1 percent, the lowest level since January 2009. While some may focus on the rate, the more important fact is that job creation was disappointing.
2012 started off with a bang in terms of job creation. In January, the economy added 275,000 jobs; February was revised up to 259,000 from the originally reported 240,000; and March was also revised up to 154,000 from 120,000. With today's data, the average monthly job creation this year has been 200,000. The big question that looms: Were the
2012 started off with a bang in terms of job creation. In January, the economy added 275,000 jobs; February was revised up to 259,000 from the originally reported 240,000; and March was also revised up to 154,000 from 120,000. With today's data, the average monthly job creation this year has been 200,000. The big question that looms: Were the
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