Are Government Spending Cuts Hurting the Job Market?

Linzie Janis discusses new data suggesting that fewer companies are hiring.
0:49 | 04/05/13

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Transcript for Are Government Spending Cuts Hurting the Job Market?
And government spending cuts may be starting to take a toll on the job market. New data suggests fewer companies are hiring. Abc's linzie janis is here with more. Good morning, linzie. Reporter: The government's jobs report is out this morning. It's expected to show that 190,000 jobs were created last month, that would not be enough to put a depth in the unemployment rate which stands at 7.7%. Now, economists say the pace of hiring is slowing down from the 236,000 jobs created back in february. Why the slowdown? Well, those $85 billion in government spending cuts. THEY TOOK EFFECT ON MARCH 1st. A lot of companies waiting to see just how much of an impact they'll have on the economy in the weeks ahead and uncertainty as you know, bianna, never good for the jobs market. That's right and today's jobs report could have an impact on the stock market as well. Thank you.

This transcript has been automatically generated and may not be 100% accurate.

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