A Merry May for Jobs

The stronger-than-expected employment report for the month caps a run of data that leaves the economy poised for a second-quarter bounce

The first day of June brought a fresh round of data that point to stronger growth ahead for the U.S. economy. Reports on jobs, income, and factory-sector sentiment all signal that the inventory downdraft of the 2006 fourth quarter and 2007 first quarter has reached an end.

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