Chicken Littles emerge with latest jobs report

As quickly as pos­si­ble peo­ple should move to their home’s storm cel­lar or place them­selves in the bath­tub with a mat­tress on top so as to shield them­selves from the rapidly approach­ing eco­nomic storm. Or so the mes­sage would seem to be, accord­ing to many econ­o­mists, after the Labor Department’s “dis­ap­point­ing” labor mar­ket reports last Fri­day. For­tu­nately, the stock mar­ket was closed for Good Fri­day obser­vances so the ensu­ing panic was stalled for a few days.