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Economist: Either jobs market is resilient or GDP is better than reported

Economist Dr Howard Archer, on behalf of IHS Global insight, said:

This is a very surprising set of improved labour market data, which suggests that either the jobs market is proving remarkably resilient in the face of mild recession or the economy is actually performing better than indicated by the modest GDP contraction reported for the first quarter of 2012 and the fourth quarter of 2011.

We suspect it may be a bit of both.

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