April 9 A top Federal Reserve official
downplayed the meager March jobs report, arguing he still
expects unemployment to tick down to about 7 percent by year end
and that there is not enough evidence to suggest the U.S.
economy is entering another spring "swoon."
St. Louis Fed President James Bullard pointed to a stronger
Europe and other more positive U.S. economic data beyond the
employment report, which last week showed only 88,000 jobs were
created last month in the United States.
Bullard, speaking on CNBC, however added he was concerned
that the drop in the unemployment rate to 7.6 percent, from 7.7
percent the previous month, was due to fewer Americans hunting