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Hiring picked up in April after a slow couple months, as employers
added 165,000 jobs and the unemployment rate dipped to a four-year low
of 7.5 percent.The Labor Department report showed positive signs though
the economic recovery remains shaky. A mix of government spending cuts and
tax hikes has threatened to curb economic growth, which is already slow
in a post-recession environment.The jobless rate dipped only slightly, from
7.6 percent to 7.5 percent. The government also revised up its estimate
of job gains in February and March by a combined 114,000. It
now says employers added 332,000 jobs in February and 138,000 in March.Stock
prices soared on the heels of the report, with the Dow surging
past 15,000 for the first time ever an hour after trading began.The
economy has created an average of 208,000 jobs a month from November
through April. That's above the 138,000 added in the previous six months.The
only sectors of the economy that cut jobs last month were construction
and governmentEconomic figures in recent days have been mixed. The government
said Thursday that the number of Americans applying for unemployment aid
fell last week to a seasonally adjusted 324,000 -- the fewest since
January 2008.At the same time, surveys have shown that hiring by private
companies was weak and that manufacturing activity declined in April. And
exports fell in March.The economy grew in the January-March quarter at an
annual pace of 2.5 percent, m
get said many
of the claimed benefits from EPA clean air regulations "are mostly attributable
to the reduction in public exposure to a single air pollutant: fine
particulate matter."The EPA claims that changes made to emissions standards
and other areas will save billions in health costs for the public.The
same report estimated that in fiscal 2012, 14 major rules came with
between $14.8 billion and $19.5 billion in annual costs, but with between
$53.2 billion and $114.6 billion in annual benefits.The Heritage report's
estimate of the annual costs imposed in 2012 were not that far
off -- Heritage pegged the annual cost of 2012 rules at $23.5
billion.The Heritage report did not delve deeply into the benefits of all
these regulations, though suggested the administration has exaggerated those
numbers. The analysis said the "particulate matter" pollutant EPA often
cites is already subject to EPA regulations, calling the claimed benefits
of additional reductions "speculative."
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