The March 2013 jobs report raises fresh concerns about the economy. Once again there is reason to be concerned that future jobs report and the overall economy could go negative as we fall back into a recession. Only 88,000 jobs were created in March according to the Bureau of Labor Statistics. ABC Newssays economists were expecting about 190,000. The unemployment rate held steady at 7.6%. This was the worst jobs report in nine months.
The biggest gain was in professional and business services, which climbed by 51,000. Health care employment was up 23,000 and construction employment was up 18,000. Retail trade fell the most with a drop of 24,000 jobs in March. Take a look: