Whenever new job numbers come out everyone always hopes for the best for those out of work, but this week the numbers reported by the Bureau of Labor Statistics were not good. Employers only adding 88,000 jobs last month, and that is the fewest in nine months. This number is well below the six month average. Estimates show that you have to add 125,000 jobs a month just to keep up with population growth. Moreover, the unemployment rate fell to 7.6% in March according to the Labor Department. While the unemployment rate fell and may look good, this compared with jobs added clearly shows that the bottom line is people have stopped looking for work. Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins Fox News to examine the bad news about unemployment rate and new jobs created this past March.
Ed Butowsky is the managing partner of Chapwood Investment Management and is an internationally recognized expert in the investment wealth management industry. Ed is also a frequent guest on other networks such as CNN, NBC, ABC, Fox News, Fox Business, and Bloomberg to name a few.
Tags: bureau of labor statistics, ed butowsky, financial advisor, fox news, jobs, labor department, unemployment rate, wealth manager