You know that feeling when you can sense spring coming, and then you get walloped with another freeze? That’s March’s jobs report. For months, economists have been celebrating a healthy rise in payrolls. But on Friday, the Bureau of Labor Statistics announced that the economy added only 126,000 jobs — the lowest number since December 2013. The unemployment rate, which comes from a separate survey, remained unchanged at 5.5 percent.
Not only did March’s payroll gains fall well short of the average 269,000 jobs added per month over the past year, but January and February’s impressive gains were revised downward by a collective 69,000 jobs.