Radio commentary, April 1, 2010

March employment First, a few words on the U.S. employment report for March, released on Friday morning. While the headline job gain of 162,000 looked pretty decent, especially after the huge declines of 2008 and early 2009, 30% of the gain came from temporary workers hired to conduct the Census, and another 25% came from temp firms in the private sector. So more than half the gain was in jobs designed not to last. There were a few bright spots. Manufacturing added 17,000 workers, its third consecutive monthly gain—a sterling performance for… Read More