May 28, 2004 10:33 AM

Economy grows 4.4% in first quarter; job gains posted
Posted by Douglas Eisenhartat 10:33 AM

More good news on the economic front as the Boston Globe reports this morning that the economy grew 4.4% in the first quarter of the year:

The economy grew slightly faster than previously thought in the first quarter of this year, fresh evidence of momentum heading into the summer.
- - - - -
The nation's payrolls, which had been posting lackluster gains, expanded by 288,000 in April on top of a hefty rise in March, leading economists to believe that the long-awaited recovery in the labor market was finally coming about.