Tax Increases: Industrialized Nations

industrialized nations: WASHINGTON - The U.S. economy showed last month why it remains the envy of industrialized nations: In the face of tax increases and federal spending cuts, employers added a solid 165,000 jobs in April and far more in February and March than anyone thought. , according to Winnipeg Free Press. The economy is benefiting from a resurgent housing market, rising consumer confidence and the Federal Reserve's stimulus actions, which have helped lower borrowing costs and lift the stock market. Graphic shows the U.S. unemployment rate and monthly job creation The hiring in April drove down the unemployment rate to a four-year low of 7.5 per cent and sent a reassuring sign that the U.S. job market is improving. (www.immigrantscanada.com). As reported in the news.