May
06

Excellent Employment!

Hallelujah! The economy gained 244K jobs in April! Payroll data for Feb and March were also revised up by a combined 46K! Hiring in the private sector posted the largest increase in 5 years and was broad based! Ignore the rise in the unemployment rate to 9%. The bad news; gov’t employment fell 24K, avg hourly earnings rose a trivial 0.1% to $22.95 and the workweek was unchanged. All in all EXCELLENT.

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