>> The US economy getting a big wake up call Friday from the nation's employers. Hiring slowing to the lowest in ten months as travails in the retail sector take their toll. I'm Conway Guinness in New York. Employers added only 98,000 jobs in the month of March, that was way below analyst forecast.
And this is the most important economic data to date that suggests that all of the optimism surrounding president Trump's stimulus plans not translating into real action for the economy. Some economists quickly point to an unusually warm February followed by a storm-battered March for some of the disappointment. Hiring in the construction sector slowed significantly but it was the retail group that was the biggest drag.
Job losses there mounting 60,000 over the past two months. All the news however not so grim, the unemployment rate dropped to 4.5%, to lows not seen in a decade. Average hourly wages climbed by another five cents. That said, without solid hiring and the consumer spending that should go with it, there is fear out there this economy might not even hit the paltry 1% growth rate this quarter that is expected.