U.S. jobs growth slowed in April to 88,000 with 12% fewer added jobs than economists had forecast, and the unemployment rate ticked up to 4.5%, the Labor Department said Friday.The one thing to remember is that 150,000 new jobs per month are needed to keep up with new people entering the market. I am not an economist but I have said for some time that the housing market will lead the U.S. into recession by early 2008. That is actually the Republican Party's worst nightmare. With an unpopular war, a bad economy and deficits as far as the eye can see, it could be a long election season for the GOP. This will be a difficult year for the middle class with negative savings rates,not seen since the Great Depression,and energy prices exploding. It will be hard for the average family to keep their heads above water.
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