Employers added 192,000 jobs in March, a wee bit short from consensus expectations of 200,000, but better than the rolling average of the past two years 182,000. We passed a psychological milestone of recovering net the number private sector jobs lost since downturn, but this is about as meaningful as graduating kindergarten. Population, immigration, demographics means there are millions of people that have entered the workforce in the past five years that have yet to be absorbed. And the greatest concern for all should be the type of jobs we are creating, low wage retail, food service positions comprise a good portion of new positions filled. And 50% of service positions hires are temporary workers.
CNN: March Jobs Analysis