Shocker: More Good Economic News!

Published: May 2, 2008, 6:41 pm

By Noel Sheppard Oops: Employment Numbers Better Than Expected, Unemployment Drops Despite all the gloom and doom, the employment picture in April was much better than economists had expected, and, maybe more important, quite different than the Hooveresque, Depression Era picture media members have been painting for months. Makes you wonder if in press rooms all around America, as well as in Democrat campaign headquarters across the fruited plain, there was a huge sigh of disappointment at 8:30 AM EDT when the Labor Department released the data. Critical updates at end of post including FAR better-than-expected factory orders report! As such, without further ado, here’s the news most people in the nation actually hoping for a good economy will be glad to hear: Nonfarm payroll employment was little changed in April (-20,000), following job losses that totaled 240,000 in the first 3 months of the year, the Bureau of Labor Statistics of the U.S. Department of Labor

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