NEW YORK, April 6, 2012 /PRNewswire/ --
Here We Go Again
Job increases at only 120,000 in March shows that while expectations have been tempered, the labor market has repeatedly proved disappointing. This latest jobs report fails to live up to expectations again. This is most evident in the retail sector where we have now seen two consecutive months of declines. Employers spent a great deal of time and attention reducing costs over the past few years and apparently do not yet see enough solid evidence to sharply reverse course on hiring. This could presage more disappointing job counts later this spring.
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SOURCE The Conference Board