The early jobs numbers are worrying. Ryan Avent analyzes:
There are one-off factors contributing to the slowdown, the Japanese earthquake and subsequent economic slowdown chief among them, but it's hard to avoid the conclusion that America is joining in the broad global economic deceleration which appears to be underway.
Emerging markets have been tightening rapidly to tame inflation, and the effects are now apparent. Chinese industrial figures are showing an easing in activity, and India's economic growth slowed sharply in the first quarter. All signs in Europe point to deceleration, threatening to exacerbate the euro zone's crisis. Things should—should—turnaround as the year progresses. Moderating commodity prices will be good for growth, the Japanese economy should rebound, and America's housing market looks poised for a second-half recovery. But fiscal and monetary tightening, or new shocks, could prevent this.
The Dish 