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LurkerMom: “The U.S. added 175,000 nonfarm payroll jobs in April...
Republicans keep hoping for the economy to go into recession or stagflation but the economy just keeps chugging along toward a soft landing, disappointing them. This number will actually ease fears about reacceleration/overheating.
So market happy, Fed happy, rate cut now possibly coming sooner than planned and republicans bummed.
• 15.4 million jobs added since president Biden took office.
• Unemployment stays below 4% for 27 straight months -- over TWO YEARS.
• Prime-working-age labor force participation rate at 20-year high.
• Wage growth is above inflation.
Yeah, terrible news.
Here's John Prine's advice: "Stop wishing for bad luck and knocking on wood."
