196K Jobs in March ‘Relieves Fears’ about Hiring Slowdown, Recession

NewsBusters | 4/5/2019 | Staff
GoobeeGoobee (Posted by) Level 4
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The strong March jobs report “should end” concerns that a recession is “lurking” as one Hill op-ed suggested March 1. The media worried and speculated over recession throughout the entire month of March.

The government released the March jobs report on April 5, showing 196,000 jobs added — more than 20,000 higher than expected. It also showed unemployment holding steady at 3.8 percent.

Bounceback - News - Media - Worries - Recession

That bounceback was good economic news and some media quickly admitted it reduced worries over a coming recession. The Wall Street Journal wrote that “relieves fears about hiring significantly downshifting.” Barron’s wrote on April 5, “The Dow is rising because solid March payrolls should end the recession debate.” CNBC.com talked to experts who said it meant “the US economy is not stalling out.” And MarketWatch published an opinion column headlined, “The jobs report nails it: It’s a slowdown, not a recession.”

The jobs report and other data “points to what most experts have been saying all along — the economy will slow down this year, but not likely...
(Excerpt) Read more at: NewsBusters
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