Last Month's Employment Numbers Dropped Way More Than Expected

"One month of slower job growth might have been a blip. Two suggest a worrisome trend: The economy may be faltering again.

The United States generated just 115,000 jobs last month, well below expectations and the fewest since October. The unemployment rate fell to 8.1 percent, but for the wrong reason — workers abandoned the labor force.

From December through February, employers added 252,000 jobs a month on average. But the figure dipped in March and dropped further in April, raising doubts about an economic recovery that can't seem to reach escape velocity.

The report Friday by the Labor Department indicated "an economy that is losing momentum — especially on the jobs front," said Tom Porcelli, chief U.S. economist at RBC Capital Markets..."

at http://www.businessinsider.com/last-months-employment-numbers-dropped-way-more-than-expected-2012-5#ixzz1u7P0BdXX