ImageConstruction in Lewiston, Me., in January. The global economy also appears more fragile now than it has been in recent years.CreditAndree Kehn/Sun Journal, via Associated Press

The clunker of a job growth report that the Labor Department published Friday morning is telling us something we should have already suspected.

Specifically, that recent blockbuster readings on U.S. job creation were a little too good to be true. American employers, while still adding to their payrolls, have not been on the epic hiring spree that previous reports had suggested.

So while the mere 20,000 jobs added in February (the

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