TULSA - The Bureau of Labor Statistics says the United States added an anemic 88,000 jobs in March, but the unemployment rate ticked down a bit because the participation rate dropped as well.
Analysts had predicted job growth of about 190,000 for March, but the private sector added only 95,000 jobs, and the public sector actually lost 8,000.
The participation rate dropped as well, because about 500,000 people say they're no longer in the job market.
That explains why the unemployment rate actually dropped a bit, to 7.6% nationally.
That is the lowest unemployment figure since 2009.
The news led to early morning losses on Wall Street, as the markets reacted poorly to the weak job numbers.