Some think that's what Fed Chairman Ben Bernanke should do, especially now that the unemployment rate has dropped to 7.5% and many folks seem to be cheering.
Speaking of jobs, this morning's report surprised with 165,000 new jobs in April versus an expected 140,000.
But as CNN reported the bigger story was the Bureau of Labor's revision of those abysmal March numbers. The BLS now says 138,000 jobs were added in March, 50,000 more than the 88,000 originally announced.
As if that weren't enough spike for the economcic-recovery-punch bowl, the BLS added more jobs to their February count, claiming 332,000 jobs came on board.
So much for a spring slowdown is how some cheerleaders view it. Only time will tell.
http://money.cnn.com/2013/05/03/news/economy/april-jobs-report/index.html
For the sake of some semblance of balance here's another side, perhaps a not so rosy one, to those job numbers.
http://www.marketwatch.com/story/dark-side-to-jobs-report-big-drop-in-hours-worked-2013-05-03
But as CNN reported the bigger story was the Bureau of Labor's revision of those abysmal March numbers. The BLS now says 138,000 jobs were added in March, 50,000 more than the 88,000 originally announced.
As if that weren't enough spike for the economcic-recovery-punch bowl, the BLS added more jobs to their February count, claiming 332,000 jobs came on board.
So much for a spring slowdown is how some cheerleaders view it. Only time will tell.
http://money.cnn.com/2013/05/03/news/economy/april-jobs-report/index.html
For the sake of some semblance of balance here's another side, perhaps a not so rosy one, to those job numbers.
http://www.marketwatch.com/story/dark-side-to-jobs-report-big-drop-in-hours-worked-2013-05-03
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