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Last Updated: Thursday, October 1, 2026 at 05:25 PM
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Top links: Why the bad jobs report? It’s the payroll tax, stupid

The March jobs report was, well, not so good. But don’t blame the sequester — blame the payroll tax.

The March jobs report was, well, not so good. But don’t blame the sequester — blame the payroll tax.

Top story: The March jobs report was, well, not so good. But don’t blame the sequester — blame the payroll tax.

But there were silver linings…

  • “One bright spot was construction, which added 18,000 jobs in March.”
  • “Interesting: Overall a weak report but broadest measure of unemployment, U-6, way down to 13.8% from 14.3%.”
  • In fact, there’s a good chance that the jobs number is revised upward next month.
  • And this is just cool (if you’re a Twitter addict): Economist and U. of Michigan Prof. Justin Wolfers was able to implant a jobs chart *in* his tweet.