WEAR - Search Results

The following is an archived video story. The text content of that video story is available below for reference. The original video has been deleted and is no longer available.

Job numbers for March

Disappointing jobs numbers for last month are out today.

The Labor Department is reporting that the unemployment rate in March did fall to 7.6 percent; it's lowest level in four years.

Some financial experts are saying that improvement of a tenth of a percent is misleading.

"Half a million Americans -- one half of one million Americans -- quit looking for jobs in March. That means  they just gave up and they stopped looking so that's how you get the unemployment rate to look lower because you shrink the pool."

U.S. employers only added about 88,000 jobs in March.

That's about half as many  as the previous six months.

Some of the biggest cuts were in retail where 24,000 jobs were eliminated.