Job Growth Slows Dramatically

The U.S. economy generated just 88,000 jobs last month, the smallest gain in 10 months, adding to fresh evidence that the pace of hiring has slowed, the Wall Street Journal reports.

The unemployment rate fell to 7.6% because of an unanticipated high number of people dropping out of the job market.

First Read: “Don’t be surprised if this lower-than-expected number puts pressure on Congress to alleviate the sequester cuts.”

The Week: Headed for a slowdown?