New jobs report –
Although the headline number for job creation was below expectations, this was still a decent report. Some positives include more wage growth (see below), fewer part-time workers for economic reasons, fewer long-term unemployed, and a decline in U-6 (an alternative measure of underemployment).
A few numbers: Total employment is now 5.5 million above the pre-recession peak. Total employment is up 14.2 million from the employment recession’s low.
Private payroll employment increased 171,000 in April, while government employment declined 11,000 in April, mostly at the Federal level. Private employment is now 5.8 million above the pre-recession peak. Private employment is up 14.6 million from the recession low.
It has been 5 years since we killed Osama Bin Laden. There is some discussion about whether or not we should have taken Osama Bin Laden into custody. All I can say is that I think we did the right thing.
So, Donald Trump’s latest stupid idea is that we should simply dump some portion of our debt. Just simply not pay it. Really??? That would be a great way to cause a global financial collapse.
Why are airplane engines getting larger?