The head of the White House Council of Economic Advisers talks about the Labor Department's latest employment report, which showed that only 120,000 jobs were created in March.
The Labor Department reports the U.S. economy added 120,000 jobs last month. That was roughly half of what economists had expected, and a significant slowdown compared to the last few months.
This morning, the job placement firm Challenger, Gray & Christmas reported that the number of planned layoffs dropped last month to a 10-month low — a good sign as we await unemployment numbers from the government tomorrow.
According to Gallup's latest polls, Oklahoma City sits at the top of the list of cities that are hiring. A number of California cities round out the bottom of the list.
