Latest News from News 3

Las Vegas News | Weather | Sports | Traffic - MyNews3

Jobs added in March, 88,000, lowest in 9 months

Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Updated: 4/06/2013 12:24 pm

Only 63 percent of American adults are now working or looking for work, the lowest since 1979.

And the employment picture got worse in March.

Retailers cut jobs after months of hiring and manufacturers laid off workers.

The says just 88,000 jobs were added in March, the fewest in nine months.

The unemployment rate fell to 7.6 percent, but only because more people gave up finding work and weren't counted.

A wintery march is partly to blame.

People put off buying spring clothes and stores cut back.

Another reason for less spending and more layoffs is that medicare and social security taxes went up in january.

"Millions of Americans losing on average $100 a month because of the payroll tax hike finally showed up in the jobs report today," said CNBC Washington Correspondent Hampton Pearson.

Millions of federal workers are about to get hit by sequestration.

"The sequester, the congressional budget office estimates, will reduce job growth by 750,000," said Alan Kruegoer, chairman of the Council of Economic Advisers.

To end sequestration and the deadlock in Washington that's put a damper on hiring, President Obama floated a plan to get Republican support and to cut the cost increase of social security and medicare by reducing automatic benefit hikes tied to inflation.

Liberals charge a sellout that would hurt seniors.

The White House denied it.

"It protects our seniors. It does not follow the republican route of eviscerating social programs," said White House spokesman, Jay Carney.

The Obama plan calls for tax hikes on the rich, which Republicans charge will cost American jobs

-- Steve Handelsman, NBC News, reports


Popular Right Now:
Motorcyclist killed when he hits I-15 median

Updated: 3/28/2015 3:07:46 PM

Traffic is backed up on northbound Interstate 15 near Cheyenne Avenue on Saturday, March 28, 2015, after a fatal motorcycle accident about 2:40 p.m. (Nathan O'Neal, News 3)
Two dead in hang gliding accident in Jean 

Updated: 3/27/2015 5:09:00 PM


All content © Copyright 2015 Sinclair Broadcast Group. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service
You may also view our Sitemap.

FCC assistance for any person with disabilities can be provided by contacting us at

KSNV Profile & Public Inspection Files

2015 NBCUniversal Media, LLC. All rights reserved. Portions by Broadcast Interactive Media


Inergize Digital This site is hosted and managed by Inergize Digital.
Mobile advertising for this site is available on Local Ad Buy.