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Article: Job growth boosts economy.
- Article from:
- The Washington Times (Washington, DC)
- Article date:
- June 2, 2007
CopyrightCOPYRIGHT 2007 The Washington Times. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Patrice Hill
Jun. 2--The economy last month recovered further from its flirtation with recession in the first quarter, with pickups seen in job growth, consumer sentiment and manufacturing, reports showed yesterday.
Consumers reprised the important role they have played in keeping the economy afloat this year amid setbacks in housing, autos and other areas. The secret to their success has been the solid job market, which continued to expand despite the winter pause in economic growth.
Job gains accelerated last month to 157,000 from 80,000 in April, with hiring especially strong in services such as education, health, hospitality, office ...