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Old 05-03-2013, 09:39 AM   #21
Rigs11
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The U.S. economy seemed to be headed for a spring slowdown this year. Then the April jobs report was released Friday morning, and now some economists are doing a double-take.

The economy added 165,000 jobs in April, according to the Labor Department. That was more than the 140,000 jobs economists expected, and it marked an improvement over March.

The even bigger story, though, came from large revisions to earlier numbers. It's a common practice for the Labor Department to revise its data for the two prior months, and this time, those revisions showed an additional 114,000 jobs were added in the U.S. economy over February and March alone.

Previously, March hiring had looked particularly weak, with only 88,000 jobs added that month. Now, the Labor Department says 138,000 jobs were added in March.

February job growth, which had already looked solid, now looks even stronger. About 332,000 jobs were added in February, making it the strongest month for hiring since the Census hired temporary workers in 2010.

http://money.cnn.com/2013/05/03/news...ort/?hpt=hp_t2
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