Economy continues to show signs of improvement

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the unemployment rate may have risen in april, friday's monthly job report strong, offering encouraging sign u.s. economic recovery possesses real momentum.

on friday u.s. labor department said nonfarm payrolls added 290,000 jobs in april, ahead of wall street's 180,000 forecast. unemployment rate on other hand rose 9.9%; expected hold steady @ 9.7%. government revised amount of jobs added in march 230,000, 162,000.

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the big story jump in payrolls." speiss points out manufacturing sector added workers since august 1998, while employment in services sector saw best gain since november 2006.

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overall, economy expanded 3.2% in first quarter, commerce department said last week, third straight period of growth.

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http://www.forbes.com/2010/05/07/un...-consumer.html?boxes=marketschannelbrieflink2

looks economy continuing improve. i'm not expert, looks lot of people must entering job market again. otherwise, i'm not sure why unemploymen rate go up.

it's nice have little news every once in while.

 

debbie downer: 66,000 of jobs temporary census workers, half of 3.2% gdp growth inventory adjustments, if our unemployment numbers on rise because people trying find job there terribly wrong our unemployment statistics (namely don't count disgruntled job hunters).

 

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