Editorial Board
Payroll Growth Means Fed is Right to Stay on Hold: View
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Today’s employment figures are welcome evidence that a real economic recovery is under way in the U.S.
That doesn’t mean there aren’t risks in the outlook at home and abroad. There’s still a lot of ground to make up and some difficult restructuring to complete. (Of the 8.8 million jobs lost since 2008, about 3.5 million have been recovered.) But the recovery looks firmer, and that’s good.