US economy adds just 88,000 jobs, fewest in 9 months, UE falls to 7.6 pct. (1/2 million drop out)

N ewser ^ | 5 apr | CHRISTOPHER S. RUGABER

[xzins]

U.S. employers added just 88,000 jobs in March, the fewest in nine months and a sharp retreat after a period of strong hiring.

[Dr. Ursus]

In a related story half million new applications were recieved by Social Security Disability!

[xzins]

I can’t wait for the labor force ALL to give up.

Then the unemployment rate will fall to ZERO!

Wouldn’t that be awesome?

We could play poker, drink beer, and use our government food card all day long.

[swamprebel]

496,000 more workers go galt.

[xzins]

Galt California is near Sacramento.

That’s near the redwoods, isn’t it?

I’ve always wanted to go there.

:>)

[KSCITYBOY]

joke

[dontreadthis]

recovery decade

[JLAGRAYFOX]

Obama successful in destroying the American Republic!!! Say, Obamabots...how’s that Hope & Change working out for ya all!!!

[nathanbedford]

Reference to Nathan Bedford's third maximum of American politics, failed socialism begets more socialism, tells us to expect to hear in crescendo cries for more stimulus.

[SoFloFreeper]

Fox News just reported that the labor participation rate is the LOWEST since May 1979.

Obama is worse than Carter.

[John W]

From MarketWatch: U.S. stock futures declined sharply Friday after the Labor Department’s nonfarm-payrolls report came in significantly below expectations, cementing views of an economic soft patch.

Watch out for those “soft patches”.

[jennings2004]

Not to worry, I passed by our local McDonald’s and Wendy’s last night. They both had prominent signs: “Hiring All Shifts!” What can be so bad when there are jobs going begging? /s

[Wyatt's Torch]

Continuing the downward trend that began in the late 90's

[Wyatt's Torch]

The macro data the last two weeks has all missed on the bad side. Today's NFP number was a disaster (consensus expectations of +195K - FactSet). We are entering the same "spring swoon" pattern we saw in 2010, 2011, and 2012. He's the Goldman Sachs "swirlogram":

[John W]

DJIA down 125 out of the gate.

[Wyatt's Torch]

Here was the S&P Futures reaction:

[Wyatt's Torch]

Here's the famous calculated Risk jobs chart:

[Soul of the South]

For months the media has continued to beat the drum the economy is improving. However, anyone working in the private sector with their eyes open knows the truth. Small businesses are hanging on month to month. Larger enterprises continue to shed workers and load the work on the remaining staff. People are working longer hours, for no real increase in pay. Those who feel they can retire gladly take early retirement offers and drop out. The “recovery” exists only in the minds of fat government bureaucrats, tenured academics, and journalists programmed to spew the propaganda of the state.

[John W]

DJIA now -158. I recall FR experts mentioning a certain time frame that if it keeps going down and doesn’t steady look out below. Of course things aren’t always quite kosher the past 4+ years with anything.

[rhubarbk]

PERFECT!