New York Times
he economy lost 20,000 jobs in April, the fourth consecutive month of decline, the government reported on Friday. But the drop was not as sharp as expected, a sign that the economy’s decline may be moderating.
So sorry, but this whole article seems an exercise in putting lipstick on a pig. What would the economist from Philly say? Oh yeah. WEEEEEEEEEEEEEEEEE!!!!!!!!!!!!!!!!!!!!!!!!
I'm sure those 20,000 people who lost jobs will be so glad to know the economy is moderating.
The fact that companies can shed jobs when business conditions warrent is exactly why we have growth. Look at Europe where once you are hired, it is difficult to lay people off. Because of this, job growth is very weak, and it is difficult for people to ever find a position.