CBPP Statement: April 2, 2010 For Immediate Release Statement: Chad Stone, Chief Economist, on the March Employment Report
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May-11-2010
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CENTER ON BUDGET AND POLICY PRIORITIES
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Today’s jobs report provides further evidence that the labor market has stabilized after experiencing its most severe jobs decline since the 1930s. Job losses slowed dramatically after President Obama and Congress enacted the American Recovery and Reinvestment Act in February 2009, and the growth in payroll employment in March 2010 is welcome news (see chart). Indeed, employers have added 117,000 jobs over the past five months, the report shows, which stands in marked contrast to the 3.7 million job loss over the same period a year earlier.
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http://www.cbpp.org/files/4-2-10ui-stmt.pdf
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