Even though the Department of Labor revealed that 345,000 jobs had been lost in May, it was still the least in the past 8 months. Bloomberg News says economists it survery had predicted "a decrease of 520,000 jobs"—which is why the markets (so far) have perked up. An economist at T. Rowe Price told the NY Times, "It supports the idea that before the end of the year and maybe even by late summer we could be at flat employment,” meaning no more net job losses. During the course of next year, we’ll probably start to feel better," but another at High Frequency Economics said, "These are still terrible numbers. We’re a million miles away from a recovery.