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Fortune
Fortune
Eva Roytburg

The jobs report looks good ‘for the wrong reasons,’ top economist warns: It’s hiding how many Americans are giving up

Depressed worker feel tried after overwork and disappointed for his job or being fired. (Credit: Thana Prasongsin—Getty Images)

The U.S. economy added 178,000 jobs in March, and the unemployment rate ticked down to 4.3%, a showing that beat economists’ expectations and offered a bit of optimism after a shockingly bad year for jobs. 

“March’s jobs report shows the economy still has a pulse—but it’s not racing,” Gina Bolvin, president of Bolvin Wealth Management Group, wrote in a note.

Don’t get too comfortable, said Diane Swonk, chief economist at KPMG.

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