Posted by Brian McCullough
The headlines speak for themselves.
- March payrolls down 80,000.
- This is the largest decline since March 2003.
- The decline in payrolls was steeper than the 60,000 decrease that had been expected.
- Job losses thus have totaled 232,000 since the New Year, an average of 77,000 lost jobs per month.
- Unemployment rate jumps to 5.1%.
- Data fans recession fears.