MARCH JOB LOSSES TOTAL 80,000

The nation's jobs report is out and it is a negative number. But let's face it. We know we are in a recession. Therefore, losses of 80,000 jobs is not huge. Plus they restated the numbers for the first 2 months of this year and there were 33,000 less jobs lost earlier this year. Therefore, the net loss is 47,000 jobs. Don't get me wrong, if those jobs are your job, this is serious. But overall, the number was less than expected. Maybe this recession will be milder than expected. Only time will tell.

Economy Loses 80,000 Jobs, Worse Than Expected

By Reuters 04 Apr 2008 08:32 AM ET

US employers cut payrolls for a third month in a row in March, slashing 80,000 jobs for the biggest monthly job decline in five years as the economy headed into a downturn, government data on Friday showed.
CNBC.com
The Labor Department revised the first two months of the year's job losses to a total of 52,000 from a previous estimate of 85,000. The March unemployment rate jumped to 5.1 percent from 4.8 percent, the highest since a matching rate in September 2005.
The March job report was more bleak than expected.
Economists polled ahead of the report forecast a decline of 60,000 in non-farm payrolls and a rise in the unemployment rate to 5 percent.
Read the rest of the story: http://www.cnbc.com/id/23952640