Washington, D.C. — Today Heather Boushey, Chief Economist at the Center for American Progress, had the following reaction to the announcement of March’s employment figures:
Sequester spring is already not starting out well. In a reversal of recent trends, today’s new data from the U.S. Bureau of Labor Statistics show that employers have cut back sharply on hiring. Government cutbacks have already been slowing growth and are now actively pulling employment downward, but the worst may be yet to come. Sharp cuts in government spending implemented March 1 are only beginning to show their ugly consequences. While it’s too early to know what the full impact will be on the unemployment rate, government spending cuts are stealing wind from the sails of the recovery.
To speak with Heather Boushey about the monthly jobs report, please contact Katie Peters at email@example.com or 202.741.6285.