It's MORNING EDITION from NPR News. Good morning. I'm Steve Inskeep.
Let's talk about the surprisingly weak jobs report that came out from the Labor Department today. The numbers for March show just 120,000 new jobs were added to U.S. payrolls. That's considered a disappointment, even though the unemployment rate did decline slightly, to 8.2 percent.
NPR's John Ydstie is here to talk with us about what all this means. Hi, John.
The nation's unemployment rate edged down to 8.2 percent in March from 8.3 percent in February, but only 120,000 jobs were added to private and public payrolls the Bureau of Labor Statistics said this morning in a report that was less positive about the labor market's health than economists had expected.
Prior to the news, forecasters had predicted BLS would say about 200,000 jobs were added to payrolls last month.
The morning's major news, if all goes as planned, will be the 8:30 a.m. ET release of the March jobs and unemployment data from the Bureau of Labor Statistics.
According to Reuters, economists expect we'll hear that the unemployment rate stayed at 8.3 percent and that private and public employers added about 200,000 jobs to their payrolls. The jobless rate's recent peak was 10 percent, in October 2009.
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