Friday, April 6, 2012 – 08:00 a.m.
As expected, U.S. job growth slowed dramatically in March.
Just 120,000 jobs were added across the country.
The U.S. Department of Labor, in keeping with election year politics, reduced its estimate of the size of the workforce.
That reduction caused the unemployment rate to come in at 8.2% in Fridays report.
The lowest in three years.
Without that reduction, the rate would have climbed.
Gallup, which generates an unadjusted estimate, places the unemployment rate at 10.0% and the underemployment rate at 19.3%.