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The U.S. Economy: Are We Approaching The End Of The Recession?
The collective sigh of relief at 8:30 this morning was palpable – not least from President Obama and Ben Bernanke.
As I mentioned on Wednesday, this morning’s April job report from the Department of Labor set the market up for a significant day. And with the data showing that the U.S. lost 539,000 jobs during the month, compared with the revised total of 699,000 losses in March, it’s a clear sign that the most important driver of economic health is improving.
The stock market obviously cheered the news, and having expressed more optimism on the U.S. economy recently, both Obama and Bernanke will…
11May2009 | Smart Profits Report | 0 comments | Continued
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