News
Yahoo Finance | McDonald's wants to fill 50K jobs on hiring day
McDonald's holds first-ever national hiring day to fill 50,000 jobs
Fox | How unemployment affects different groups
The Labor Department said employers added 216,000 jobs in March, more than February's gains of 192,000.
National Journal | March Job Growth May be the Real Thing
The beleaguered labor market passed a magic number on Friday, as the Labor Department reported that the nation added more than 200,000 jobs in March—the pace that analysts say is necessary to make a dent in unemployment.
Econ Comments
Fortune | Why the Fed isn't going hiking this year
Don't get carried away by Friday's upbeat jobs report.
Fiscal Times | More Jobs, but Inflation, Lower Profits to Follow
The need for more workers is becoming increasingly evident. Companies have stretched production by existing employees about as far as they can in the face of stronger demand.
Fortune | Job seekers' lost decade
A solid jobs report is nothing to scoff at nowadays, but here goes.
Blogs
ReasonL: Out of Control Policy Blog | March Saw Strong Job Growth, Lingering Long-Term Unemployment
Today's employment numbers from the Bureau of Labor Statistics continues the trend of "good, but not great" reports we've had for a good 4-6 months now.
WSJ: Real Time Economics | Eight Years to Get Back to Full Employment?
The payroll gains in March were good. But we’d need eight years of consistent monthly gains just like that — taking us to the year 2019 — to bring the economy back to full employment.
The Economist: Free Exchange | The pieces are falling into place
Turn off the alarms. After several weeks when the data pointed to a recovery still struggling to achieve escape velocity, the March employment report provided reassuring evidence that, at a minimum, it is still gaining altitude.
WSJ: Real Time Economics | Hidden Bad Signs in a Good Jobs Report
There was lots of good news in Friday’s jobs report, but there are still some caveats to keep in mind.
Reports
Center on Budget and Policy Priorities | Statement by Chad Stone, Chief Economist, on the March Employment Report
Today’s employment report shows that the economy is creating jobs at a solid pace. But it also reminds us that without even stronger job growth, it will take years to erase the large jobs deficit that the 2007-2009 recession created (see chart) and to lower the unemployment rate to an acceptable level. Immediate sharp cuts in government spending of the kind that some policymakers are seeking will make it even harder to restore a healthy job market.
