Good News

Good news is underreported, so allow me a moment to highlight a newly released report that the U.S. added 274,000 jobs in April, greatly exceeding expectations, and estimates of job growth in the previous two months have been revised upward by an additional 97,000 jobs. Labor force participation rose as well, by a whopping 0.2%, keeping the unemployment rate steady as more Americans are looking for work in a strong job market. More details in the Financial Times.

Posted by Chops at May 6, 2005 3:32 PM