Obama Economy Still Sucking Wind -- Unexpectedly!

That’s the news today from the Labor Department:

The U.S. added just 126,000 jobs in March, well below expectations of 245,000 jobs, leading to concerns that a long run of labor market momentum has stalled. The government also sharply revised downward job creation numbers for the first quarter. Over the prior 12 months, employment growth had averaged 269,000 per month so the disappointing March numbers were very much unexpected.

“Now we begin the process of trying to figure out whether this is a one-off situation because we know growth was weak during the first quarter, well short of expectations,” said Mark Hamrick, an economic analyst with Bankrate.com, in an interview on FOX Business. “No doubt about it, with the payroll shortfall here, this is a disappointing jobs report.”

The headline unemployment rate was 5.5% last month, matching expectations, and holding steady at its lowest level in six years, according to data released Friday by the Labor Department. Employment continued to trend up in professional and business services, health care,and retail trade, while mining lost jobs.

Once again, wages and the labor force participation rate, which are two indicators closely watched by Federal Reserve policy makers for signs of broader economic growth, barely moved.

Six long years of this: Wall Street is happy, Washington, D.C. is happy, but the peons continue to suffer. But look on the bright side: at least Barry Hussein’s buddies in Tehran are going to get their bomb.