New Jobs

From the New York Times:

The government reported yesterday that the nation's employers generated an unexpectedly [gasp!] large number of jobs in April - 274,000 - even as they gave their existing employees additional hours of work.      

Unexpected by whom?  Despite doom and gloom scenarios that the MSM has embraced, good news still flows forth. A separate household survey showed a steady 5.2% unemployment rate, slightly below the long-run average.   The report also revised February and March numbers upwards by 93,000 and 36,000 respectively, making February a 300,000+ month.  In the past year, only one month had under 100,000 new jobs and a total of about 2,100,000 jobs were created in the past year.  Once the stock market stops stagnating we'll be on a roll.

These new jobs will help expand the economy and drive down deficits through a larger amount of tax receipts.  Tax receipts also exceed expectations in April and even shrunk down the deficit slightly.  New predictions have the deficit at around $360-$375 billion instead of the $427 billion originally projected.   It's still too large but is now moving in the right direction (Keynesian economics and the misinterpretation thereof explains why politicians tend to drive up deficits).  (HT to RedState)

If this trend keeps its pace, the 2006 midterm elections and the 2008 elections will be during an economic boom, contradicting lefty naysayers and helping Republicans at the polls.

Here are the jobs, Dems.