There are several articles out regarding the recent job figures released for March by the U.S. Labor Department.  You can watch Mike Mandels Video and accompanying article and the NPR’s article titled U.S. Economy Lost 80,000 Jobs In March.

The three consecutive declines in employment make it difficult to deny the economy is in recession, says S&P chief economist David Wyss, and suggest the Federal Reserve will cut its benchmark interest rate by 50 basis points at its Apr. 30 policy meeting, rather than by 25 basis points as S&P had assumed. …..the jobs report could make it more likely that the Federal Reserve will continue to cut interest rates in an effort to stimulate the economy into more growth.

The report prompted Action Economics to revise downward its gross domestic product forecasts for the second and third quarters. But Action points out that the upside surprise in the average workweek and associated hours-worked actually boosts some of its other economic forecasts for March, “leaving further evidence that the economy likely continued to post positive growth through the first quarter.”