U.S. employers in March hired at the slowest rate since last June, adding just 88,000 jobs to non-farm payrolls, with steep job cuts in retail and government sectors, including 12,000 at the U.S. Postal Service, according to the U.S. Labor Department’s monthly report released April 5.
Economists had forecast the month’s gain to be about 190,000.
The country’s unemployment crisis is because workers no longer have marketable skills prospective employers want, according to corporate-cozy politicians who repeat Big Business’s excuse for not hiring, despite record corporate profits.
Such a justification is another “blame-the-victim” attack rather than helping jobless Americans.