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?
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Taegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.
Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.
Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.
Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.
Goddard is the owner of Goddard Media LLC.