The American jobs report for April, 2014 looks encouraging for the economic recovery everyone has been waiting for since the dark recession of 2009. 288,000 new jobs were created and the best news - 95% are in the private sector not government! We'll need many more such good news reports before the victory flag goes up but for now - enjoy.
And to the "progressive" left's surprise, this job surge came without more government spending to stimulate the economy - nothing beyond the usual uptick in the 17 trillion dollar debt they already have. Wow, there might even be a lesson there - what would happen if government downsized a little or (horrors!) cut business taxes - OMG! An economic surge? No can't be true - just ask Thomas Piketty. But I digress.
One disappointing fact in the jobs report is wages stayed flat, meaning no improvements in living standards. And many Americans have given up looking for work. But employer confidence is obviously at a better place than it was even just a few months ago. Let's hope President Obama sees this as a positive signal for more attention to the private sector and less government growth.
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