Falling Unemployment Rate Masks Larger Labor Market Issues

Category: Markets / Finance / Apr 05, 2013 3:23PM EDT
Jonathan Corpina, senior managing partner with brokerage firm Meridian Equity Partners Inc., weighs in on the weaker-than-expected jobs report that raised concerns that the pace of growth in the U.S. labor market has slowed. The U.S. unemployment rate ticked down to 7.6 percent in March from 7.7 percent in February, while U.S. Labor Department data showed the economy added just 88,000 non-farm jobs last month, well below the consensus forecast for a gain of 200,000.