Comment on U.S. Bureau of Labor Statistics Employment Situation Report: Ken Goldstein, Economist, The Conference Board

News provided by

Apr 06, 2012, 09:08 ET

NEW YORK, April 6, 2012 /PRNewswire/ --

Here We Go Again
Job increases at only 120,000 in March shows that while expectations have been tempered, the labor market has repeatedly proved disappointing. This latest jobs report fails to live up to expectations again. This is most evident in the retail sector where we have now seen two consecutive months of declines. Employers spent a great deal of time and attention reducing costs over the past few years and apparently do not yet see enough solid evidence to sharply reverse course on hiring. This could presage more disappointing job counts later this spring.

About The Conference Board
The Conference Board is a global, independent business membership and research association working in the public interest. Our mission is unique: To provide the world's leading organizations with the practical knowledge they need to improve their performance and better serve society. The Conference Board is a non-advocacy, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States. www.conference-board.org

Follow The Conference Board
Twitter | Facebook | LinkedIn

SOURCE The Conference Board