Jobs, wages and the sequester

Source: Editorial Board - The N.Y. Times (Paid Registration)

The employment report released on Friday showed some economic resilience. Job growth for March was revised upward to 138,000 new jobs, while the tally for April, at 165,000 jobs, was stronger still.

But both tallies represent a big drop from February, which showed a healthy gain of 332,000 jobs. One interpretation is that the sequester-induced economic headwinds that began in March are hurting job growth, which might otherwise have taken off this year.

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