Spending Cuts Will Cripple Jobs Recovery

The employment data released Friday provide welcome news: The private sector added 230,000 jobs in March—adding jobs for the 13th month in a row—and the unemployment rate fell to 8.8 percent.

Manufacturing in durable goods continued to show strong job gains, adding 217,000 over the past year, the Bureau of Labor Statistics reported, which bodes well for the overall economic recovery. Overall, average earnings are flat, however, which means that we can expect little in the way of inflation in the months to come. View a chart about the shrinking unemployment rate.

This article was originally published in The Wall Street Journal.