No Jobs, Weak Productivity

Jobs, where are they? The Labor Dept. employment tally came in at 54K well off the 232K in April and 194K in March. While our economy may be entering another “soft patch” the thing is you don’t get 2 of them in the first 2 years of a normal economic recovery! The silver lining, labor productivity growth was lousy; just 1.8% in Q1, so more output will require more workers; someday.