Mitt Romney slammed the worse-than-expected jobs report Friday that showed the economy only added 120,000 jobs in March.
This is a weak and very troubling jobs report that shows the employment market remains stagnant. Millions of Americans are paying a high price for President Obama's economic policies, and more and more people are growing so discouraged that they are dropping out of the labor force altogether. It is increasingly clear the Obama economy is not working and that after three years in office the president's excuses have run out.
The report put out by the Bureau of Labor Statistics marked the first time since November that the economy added less than 200,000 jobs. Analysts had expected the economy to add 205,000 jobs. The unemployment rate fell very slightly from 8.3 percent to 8.2 percent, its lowest since January 2009.
More Americans did drop out of the labor force, but not by a lot -- the labor force participation fell from 63.9 percent in February to 63.8 percent in March.