US Job creation plunges, unemployment rate drops to 7.6%

US Job creation plunges, unemployment rate drops to 7.6%. UE rate “dropped” because labor force participation rate also declined to 63.3%, a new 30 year low. “And now the time to come up with excuses is here.” Make them good ones. Update: don’t blame sequester.

This post was last modified on April 5, 2013

Bonfire of the Absurdities: After 35 year career writing software for IBM mainframes, am now self-employed contractor thinking of joining a union and striking for higher wages. Cured morbid fear of heights when I learned to look at them as lengths standing on end. Uncompromising in refusal to accept browser cookies. Amateur investor who has accumulated a small fortune in the market after starting out years ago with a large one. For recreation, I run, hike, kayak and play tennis but will not consider synchronized swimming under any circumstances.

View Comments (14)

  • Not only does he share a last name, but now he's thinking like the Seinfeld character.

  • Thank God we've recovered from those dark Bush days of 5.8% unemployment. I think it might have gone as low as 5.0% under Bush.

    • It did go under 5, but it was described as soupline America anyway. That or "it's only burger flipper jobs". What do I see now? Food stamps going out in record numbers, but Newt was smashed for calling Obama "The Food Stamp President"?

      • I would've voted for Ron Paul if he was the most viable alternative to Obama. Hell, I would've voted for Les Paul, Gabe Paul or even a Peter Paul Almond Joy if any of those was the most viable alternative to Obama. Romney wasn't my choice, but in US elections, like SOOOO many other choices in life, your only alternatives are between bad and worse. The rational adult will pick the least lousy available and hope for the best. The quixotic individual will lament the "unfairness" or wish for something better to magically appear or do something else which will end up being ineffectual.

        When you're in a hole, job 1 is to get the fuck out of it; NOT wonder how you got in the hole, not whine about being in the hole, not blame other people for putting you in the hole, FIRST just get the fuck OUT of the hole. Barack Obama thinks we should DIG our way out of the fucking hole. I rest my case.

        • Crowley believes Ron Paul would have covered the world in Unicorn farts and rainbows and ll the problems would just disappear..... Crowley needs to stick to reading My Little Pony and being a "Brony" In Pony land everything always comes out okay. I bet he has a brony costume that his mother made for him, he wears when he talks to his fellow bronies on skype.

  • The mad money fool needs to get his lips off presidents quagmire's ass and his nose out of his ass. 63% participation in the work force is an utter disgrace. Time to report the true numbers if those not working, not those receiving unemployment. I bet that number will daze many and just might piss off just enough to right the ship before it lists past the breaking point.

    • Cramer is definitely a mouthpiece and nothing more. Follow his tips to get hosed in the market.

      • Just out of curiosity I used his advice to see how well he did compared to others. His recommendations produced notta, zippo, what ever he recommended would tank and then it would be weeks or months before it would come back to the buying price.

        Cramer should be investigated for all of the crap he has pulled. Guess it pays to be friends with Elliot Spitzer and Andrew Cummo.