Informative article; thanks for posting this Jeffrey. I have to say that I think the choice for thread title isn't the best as it focuses on the negative, while the actual headline and the facts expressed in the article are largely positive.
US loses just 345,000 jobs in May, raising hopes
Employers throttled back on layoffs in May and cut the fewest jobs in any month since the financial crisis erupted last fall — raising the brightest hope yet that an economic recovery will take hold later this year."
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The light at the end of the tunnel just got a lot brighter," said Nigel Gault, chief U.S. economist at IHS Global Insight.
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The job losses was the fewest since September and the fourth straight month in which the pace of layoffs slowed.
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"This tide is turning," said Richard Yamarone, economist at Argus Research. "We expect this trend of slower job loss to continue throughout the year."
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...evidence is mounting that the recession is letting up, with fresh signs emerging earlier this week. The number of people drawing continuing unemployment benefits dipped for the first time in 20 weeks, and first-time claims also fell. Builders are boosting spending on construction projects, and home sales are somewhat firmer.
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