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What They Are Saying About The March Jobs Report

- April 5, 2013

Economist Mark Zandi Attributed The Weak Job Growth To Obamacare, Saying “I Think Healthcare Reform Might Be Having An Impact.” MARK ZANDI: “Look, I don’t think the sequester is in here at all. I think it’s way too premature for the sequester having an impact. But, the retail trade number would be consistent not only with the payroll tax, but, again, I think healthcare reform might be having an impact. Remember the ADP number? It said for those companies with employees, with 50 to 499, that’s the group that would be affected by the healthcare reform, we have seen a rather sharp slowing in job creation. 43K in January, 20K in February, and minus 5 in March.” (CNBC’s “Squawk Box,” 4/5/13)

  • In Response To A Question About The Labor Participation Rate, Zandi Says People Are Still Struggling To Find Work. MSNBC’s CHUCK TODD: “The lower participation rate overall. What does that tell you?” MARK ZANDI:  “It indicates that people are still having a hard time finding work. They can't find jobs that are suitable. That, you know, easy to commute to. That have a pay, a scale that would be reasonable. So, they're still stepping out of the workforce. Some of it is demographic. The population is aging and a lot more folks like me are getting old and retiring and retirement ages are up. You will see participation rates decline. This is much beyond that in reflects of soft economy.” (MSNBC’s “The Daily Rundown,” 4/5/13)

CNN’s Ali Velshi Called Today’s Job Report “Very Bad.” CNN’s ALI VELSHI:  “That's bad. 88,000 new jobs created in March, very bad. We were expecting 192,000. We needed 250,000 to 300,000. We weren't going to get that to keep the growth going. 88,000 is very poor.” (CNN’s “Starting Point,” 4/5/13)

  • Velshi Called Today’s Job Numbers Less Than What Obama Had Said Was Needed. VELSHI:  “This is bad, 88,000 to be less than 150,000 is bad. To be less than 200,000 is not growing fast enough.  Less than 250,000 is less than both Obama and Romney said was needed.” (CNN’s “Starting Point,” 4/5/13)

CNN’s Christine Roman Said That 88,000 Is “Not A Good Development.” CNN’s CHRISTINE ROMANS:  “88,000 is not -- not a good development. When we look at the record of how we have had jobs growth.” (CNN’s “Starting Point,” 4/5/13)

Former Obama Adviser Austan Goolsbee Called The March Jobs Report “A Punch To The Gut.” FORMER OBAMA ADVISER AUSTAN GOOLSBEE: “Look, we all overshot it. This is a punch to the gut. This is not a good number.” (CNBC’s “Squawk Box,” 4/5/13)

Former Obama Adviser Jared Bernstein Called The Jobs Report “Definitely A Disappointing Report.” FORMER OBAMA ADVISER JARED BERNSTEIN: “This is definitely a disappointing report. I very much agree with Peter on that.”  (MSNBC’s “Jansing & Co.,” 4/5/13)

The Washington Post’s Zachary Goldfarb: “Big fail: March jobs 88,000.” (Zachary A. Goldfarb, Twitter Feed, 4/5/13)

Politico’s Ben White: “This is a really really terrible jobs report.” (Ben White, Twitter Feed, 4/5/13)

The New York Times’ Catherine Rampell:  “The unemployment rate, which comes from a different survey, ticked down to 7.6 percent from 7.7 percent, but primarily because more people dropped out of the labor force, not because more people got jobs.” (Catherine Rampell, “Hiring In U.S. Tapers Off As Economy Fails To Gain Speed,” The New York Times, 4/5/13)

Politico Headline: “Bad Jobs Report A Warning Sign” (Ben White, “Bad Jobs Report A Warning Sign,” Politico, 4/5/13)

CNN Money Headline: “Jobs Report: Hiring Slows Severely In March” (Tami Luhby, “Jobs Report: Hiring Slows Severely In March,” CNN Money, 4/5/13)

  • “Hiring Slowed Sharply In March, With The Economy Adding Only 88,000 Jobs, The Lowest Monthly Gain Since Last June.” (Tami Luhby, “Jobs Report: Hiring Slows Severely In March,” CNN Money, 4/5/13)
  • “But It's Not Good News: It's Because Nearly 500,000 People Dropped Out Of The Labor Market.” (Tami Luhby, “Jobs Report: Hiring Slows Severely In March,” CNN Money, 4/5/13)

The Associated Press’s Christopher S. Rugaber And Paul Wiseman: “The Slowdown May Signal That The Economy Is Heading Into A Weak Spring.” “U.S. employers added just 88,000 jobs in March, the fewest in nine months and a sharp retreat after a period of strong hiring. The slowdown may signal that the economy is heading into a weak spring.” (Christopher S. Rugaber and Paul Wiseman, “US Economy Adds 88K Jobs, Rate Drops To 7.6 Pct.,” The Associated Press, 4/5/13)

  • “The Percentage Of Americans Working Or Looking For Jobs Fell To 63.3 Percent In March, The Lowest Such Figure In Nearly 34 Years.” (Christopher S. Rugaber and Paul Wiseman, “US Economy Adds 88K Jobs, Rate Drops To 7.6 Pct.,” The Associated Press, 4/5/13)

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