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Things haven't been this good since last fall! According to the U.S. Labor Department, employers "only" cut 325,000 jobs during the month of May, well below the 525,000 cuts that Wall Street analysts had been predicting and the smallest drop since September 2008. This is great news, sure—"the tide seems to be turning," says one economist—although it's not like these companies are actually hiring anyone yet. The unemployment rate climbed to 9.4 percent in May, the highest in more than 25 years. But if you're someone who has been desperately seeking a rationale for returning to the way things were before the downturn, consider this is your lucky day! [WSJ, AP]