| US adds just 88,000 jobs in March | The US economy added just 88,000 new jobs in March, a reading sharply lower than economists' expectations that is bound to raise concerns the labour market is entering a soft patch amid federal budget cuts.
According to data released on Friday by the labor department, the US unemployment rate ticked down to 7.6 per cent as the size of the US labour force showed a stiff decline.
Government employment fell by 7,000, offering evidence that austerity at the federal level was setting in gradually. But jobs in the private sector were much harder to come by than in February, with manufacturing losing 3,000 jobs, construction gaining 18,000 and retail losing 24,000.
http://link.ft.com/r/5F39HH/T1CBKQ/GKB29U/GDMKY9/XBKXVI/CM/h?a1=2013&a2=4&a3=5
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