The March jobs report was a disappointment: Only 120,000 new jobs were created, versus expectations of over 200,000 and the unemployment rate dropped to 8.2 percent from 8.3 percent in February, leaving 12.7 Americans still out of work. Given the three previous' months results, where job creation averaged 246,000 per month, this report is a setback to the nation's labor market. The unemployment rate is down from over 10 percent only a couple years ago, BUT it has remained above 8 percent for three years, the longest stretch since monthly records began in 1948. Just before the beginning of the recession, the rate was 5 percent. The reality is that the rate might not budge for a while, because as conditions improve, more frustrated workers re-enter the labor force and restart their job searches