Unemployment
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Warnings of massive job layoffs and another recession were all the talk when sequestration began in March. But so far the impact of government cutbacks seems a lot less than was predicted.
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While an increase, the latest overall job loss numbers are still well below the six figure numbers seen in past recessions. Here is a breakdown of where the job losses were as well as which sectors were adding jobs.
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The nation's unemployment report has traditionally been considered the barometer of the economy. Many analysts think it's no longer the best gauge.
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Stocks closed higher as investors appeared more enthused about Microsoft's bid for Yahoo! than they were concerned about the latest signs of economic weakness. The three major indexes each gained about 3-4 percent for the week, but the market still has a way to go to recover from January's rout.
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Today's payroll numbers are in and this is the first month since August 2003 that the economy shed jobs instead of adding. Total non-farm payrolls fell by 17,000. On the flip side, December's meek increase was revised up from 18,000 to 82,000. So what is the underlying trend?