Feds' economic figures aren't connected to reality.
Economists say the loss of 80,000 jobs confirms the economy is in "R" word territory.
The economy loses 80,000 more positions in March.
New figures from the U.S. Department of Labor show that 80,000 jobs were lost in March — making it the worst single-month job hemorrhaging in five years. The national unemployment rate rose from 4.8 to 5.1 percent. Both figures were worse than the original estimates.
New filings for unemployment benefits hit a two-year high.
Perhaps not, says the redoubtable and often pessimistic Robert Samuelson in the Washington Post.
But the low unemployment rate still leaves room for hope that a recession can be avoided.
Healthy U.S. exports narrow deficit, and a resilient job market continues to give the economy a boost.
Stubborn employment numbers still give hope for avoiding a recession.
Recession fears are increased, as more bad news is expected in the labor market.