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There have at fox -- alert right now -- the White House is now responding the unemployment numbers just released last hour this is what we got ninety minutes ago.
By showing a slowdown in hiring last month employers adding only a 140000.
New jobs in March at the smallest increase we've seen in five months.
Gene Sperling director of the National Economic Council saying the economy is recovering but still got a long way to go.
Republican presidential candidate Mitt Romney saying the White House is running out of excuses.
It's offering endless claim and here Fox Business -- -- this morning's view there's economics -- -- about here.
Politics to talk about here why can't we get this thing going at a better thing.
Well we kinda had it going the last four months together in the aggregate actually started to look good.
People got their hopes up and then this report.
Is -- teenagers would say is a total buzz kill it is a disappointment.
To see job growth that is nearly chopped in half from what the expectation was the expectation.
-- to see job growth of 203000.
We got this measly 120000.
And the problems become when you actually digging in their bill and start to pull it apart.
While manufacturing saw gains of 37000 listen I spent all morning looking for the silver linings here I'm not to be optimistic did you did you find one.
That was about it at manufacturing -- about 37000 there were a couple of -- some points.
Retail saw a contraction retail jobs.
Fell by 34000.
There is this belief that because the weather's been so good on the East Coast people push their hiring up to the front part of the year.
And then it kind of stopped in the month of march of this is also what you -- -- 164000.
Americans stop looking for a job.
When -- -- they they -- they do that when what the unemployment benefits run out.
-- -- get discouraged exactly a little bit of both but people ran out of unemployment benefits and that starts to play into the picture but -- they do get discouraged or they go back to work.
That going to training programs and that takes it down to eight point 2% but.
Again we try to be optimistic but that it's very tough to spin that into a positive number no suddenly Barney was talking last hour -- really thinks gas prices has a lot to do with -- very much into do you find that in the data.
Well we just spoke with Timothy Geithner the Treasury Secretary two days ago when he said that is one of his concerns.
That higher gasoline prices suck up whatever wage growth.
Was seen and we actually did see a little bit average hourly earnings ticked up by five cents an hour.
Wages were up two point 1% year for years that helps but then it gets of course some sort.
By higher gasoline prices I mention Mitt Romney -- he says the market remained stagnant the president has run out of excuses.
But for this to be an ongoing deal this catching on at the end I love your purple ones thank you well done and -- --
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