1. Ouch

    Jobs Report Misses Expectations

    A crowd of job seekers attends a healthcare job fair, Thursday, March 14, 2013 in New York. Fewer Americans sought unemployment aid last week, reducing the average number of weekly applications last month to a five-year low. The drop shows that fewer layoffs are strengthening the job market. The Labor Department said Thursday, March 15, 2013 that applications fell 10,000 to a seasonally adjusted 332,000. That cut the four-week average to 346,750, the lowest since the week of March 8, 2008, just several months after the Great Recession began.  (AP Photo/Mark Lennihan)

    Job seekers at a healthcare job fair in New York City on March 14. (Mark Lennihan/AP)

    Could those tax hikes and budget cuts be taking a toll already? The March jobs report fell far short of expectations, with only 88,000 new jobs created. Economists had expected about 200,000 additional jobs. The good news is that estimates for previous months were raised, meaning the unemployment rate dropped from 7.7 percent to 7.6 percent. Labor-force participation, however, is still weak, with only 63.3 percent of the population employed or looking for work, the lowest point since 1979.

    Read it at Bureau of Labor Statistics