Goldilocks Gains

There were 263,000 new jobs created in April, with all sectors but retail gaining. This strong growth is more proof of a solid economic rebound after a tough start to 2019. While pay rose 3.2% Y-o-Y, wage increases have been steady at 3.2% since 8/18, dampening inflation fears despite unemployment falling to 3.6%, the lowest rate since 12/69! Strong job growth, low unemployment, quiescent inflation and good GDP gains; Goldilocks!