ECONOMICS COMMENTARY
May 02, 2014
US non-farm payrolls smash expectations in April, but recovery worries persist
After GDP data showed a stalling US economic recovery in the first quarter, upbeat labour market numbers bring reassuring news on the health of the US economic recovery at the start of the second quarter. The jobs data vindicate the Fed's decision to consider any weakness on the economic data earlier this year to be primarily a consequence of extreme weather.
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