J: On May 3, the BLS gave us stunningly good news on the US labor market in April As the chart shows, nonfarm payroll employment increased by 263,000 jobs that month to a record of 151,095,000 such jobs. The low point since the December 2007 to June 2009 recession was not reached until February 2010 at 129,715,000 nonfarm payroll jobs. That was a decline of 8,707,000 jobs or 6.3 percent from the peak of 138,422,000 jobs in January 2008. Every single month from October 2010