March unemployment report is out: 88,000 jobs created, labor force shrinks, 7.6% unemployment rate

The Dish runs through the commentary. The numbers are actually below what is necessary to keep up with population growth. Almost half a million people dropped out of the labor force, and fewer people are actually working now than a month ago.

Many point out that this is the first report out since both the sequester and the increase in the payroll tax. Government jobs - in addition to private sector jobs based on government contracts are being shred, and this is just the beginning of the process, so some fear the numbers might get worse.