The tax cuts are sti…
The tax cuts are still generating positive economic news.

The nation’s economy churned out 274,00 jobs in April, the Labor Department reported today, many more than expected.

The robust surge in employment, reflecting a positive outlook among employers about the immediate future, conflicted with other recent data suggesting a slowdown or “soft patch” in the country’s economic expansion.

In fact, the Labor Department revised some of that data today, saying that 93,000 more jobs were created in February and March than previously reported.

“What soft patch?” said Steven Stanley, of Greenwich Capital Management, in a note to clients. “After a weather-induced dip in job growth in March, hiring roared back in April. . . . The totality of this report is incredibly robust.”

“It shows that the economy has a lot of underlying strength,” Gary Thayer, chief economist of A.G. Edwards and Sons Inc. in St. Louis, Mo. told the Associated Press.

“It suggests that the cooling off we’ve seen is not a significant problem. High energy prices are hurting confidence, but don’t appear to be hurting job creation,” he added.

April’s job growth was distributed widely across the non-farm economy, with particular strength in construction, mining, food services and health care, today’s report said.

And the increase in jobs, with more folks paying taxes, would help explain the increase in tax receipts. If you believed the Democrats back when they were dissing the tax cuts, you’d be bewildered at this point, thinking that none of this should be happening. Worse, they’re still suggesting that we repeal the tax cuts when it’s those extra dollars in people’s pockets that are revving the economy back up and giving businesses a reason to do more hiring.

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