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US jobs data ease economy fears

by Sanjay Jha | May 4, 2008 at 07:40 am | 170 views | add comment

latest US Job figure have quelled the fear of recession and analysts are not predicting a recession any more. job figures have shown less job cut than expected thus signaling an improved economy.

US job figures have surprised Wall Street, falling less than expected and shifting the balance of opinion towards analysts not predicting a recession.
The US economy lost 20,000 jobs in April, according to non-farm payrolls figures from the Labor Department.
Earlier in the week, the Federal Reserve cut interest rates, but reduced its stress on the risks to the economy.