The Note: Learning to Use Irrationality As a Bargaining Tool

ABC News' Daniel Arnall reports that the economy added 274,000 new jobs during the month of April, according to government reports. In addition, the government revised up its previous estimates for March and February. March now reads a 146,000 gain (previously 110,000) and February has a newly reported 300,000 (from its original 243,000). Unemployment rate remains unchanged at 5.2 percent.

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Today, President Bush heads to Europe with First Lady Laura Bush, where they'll be until May 10, visiting Latvia, the Netherlands, Russia, and Georgia to commemorate the 60th anniversary of the end of World War II.

They arrive first in Riga, Latvia, where Bush will receive Latvia's highest honor, the Three Star Order. He will also meet the presidents of Estonia, Latvia, and Lithuania on Saturday, and they'll hold a joint press conference.

On Sunday, the President will hold bilateral meetings in the Netherlands, and commemorate Victory in Europe Day at the Netherlands American Cemetery and Memorial at Margraten near Maastricht. He'll also pay his respects to Her Majesty Queen Beatrix of the Netherlands, and will congratulate her on her recent 25th anniversary celebration as Queen.

The trip continues to Moscow, Russia to meet with President Putin and participate in the World War II commemoration ceremony and to meet President Putin. The President will conclude his trip with a visit to Tbilisi, Georgia to underscore his support for democracy, historic reform, and peaceful conflict resolution.

Vice President Cheney heads to New Mexico for a 3:00 pm ET event for Rep. Heather Wilson, and to Arizona for a fundraiser for Rep. Rick Renzi at 7:00 pm ET, before heading to Wyoming.

Former President Bill Clinton addressed the annual meeting of the American Jewish Committee at 8:00 am ET in Washington, DC. He was presented with the AJC's Light Unto the Nations Award for his tsunami relief efforts.

Sen. John Kerry holds a town hall meeting in Miami, FL, to talk about children's health care and his "Kids First" bill at Florida Memorial University at 9:30 am ET. He holds a fund-raiser for Sen. Hillary Clinton tonight at the Park Plaza in Boston.

Gov. Bill Richardson (D-NM) talks about health care at a conference in Albuquerque today.

Former White House Press Secretary Ari Fleischer keynotes the Republican Party of Wisconsin's 2005 convention banquet in Sheboygan, WI.

On Saturday, former New York Mayor Rudi Giuliani delivers the commencement speech at High Point University in High Point, NC.

Former Sen. John Edwards will deliver a keynote address during North Carolina Central University's spring commencement.

Former Attorney General John Ashcroft will deliver the graduation speech at Northwest University in Kirkland, WA.

Sen. George Allen (R-VA) is the keynote speaker for Regent University's commencement in Virginia Beach, VA.

Gen. Wesley Clark will receive an honorary degree at the Lyon College Commencement in Batesville, AR.

Also on Saturday, Ambassador Carol Moseley Braun keynotes the Servicemembers Legal Defense Network national dinner in Washington, DC.

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