WASHINGTON — The March employment report showed after adjusting for prior month revisions payrolls remain weak (an 88,000 gain in March and a 61,000 rise from revisions), partly because seasonal adjustment became more restrictive; unemployment remains high at 7.6% and its decline stems from less labor force participation that probably reflects disgust with the slow jobs market; hours and pay are slow, implying there will be a string of weak production and income numbers ahead.

The March employment report is only slightly better underneath the plus-88,000 payrolls number. The January-February revisions totaled plus-61,000 on net. Seasonal adjustments, previously fairly neutral for March overall payrolls, massively reduced the 759,000 unadjusted job gain this year.

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