US creates far fewer jobs in March than February - 4/6/12



The US Labor Department says the number of jobs created in March significantly decreased to half the figure reported for the previous month.
According to a Labor Department report on April 6, 120,000 jobs were added across the country in March 2012, which indicates a significant decrease in hiring compared to February, when 240,000 jobs were created.
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US credit rating downgraded yet again - 4/6/12



In a move that could affect the decisions of other ratings agencies, the US Egan-Jones agency downgraded America’s credit rating from AA+ to AA on Thursday.
Egan-Jones had downgraded America's top-level AAA credit ratings once before as well, in July -- one month before Standard & Poor's ratings agency did the same.
The reason for the downgrading as cited both then and now was partly due to the continued political gridlock in Washington.
Analysts say for the first time since World War II, the “US debt exceeds 100 percent.” They even forecast a 106 percent rise by the end of the year, which they call an "inflection point".
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