May 3, 2019

Economists hail strong jobs report as jobless rate dips

https://finance.yahoo.com/m/46ff54e3-5824-387a-a26c-27f11d38cc94/%27boom%21%27-economists-hail.html

Here's what economists are saying about the April employment data, showing a stronger-than-expected 263,000 new jobs created and the unemployment rate dropping to 3.6%. • Carl Tannenbaum of Northern Trust said it looked like a “goldilocks” performance, with strong payroll growth but modest year-over-year wage gains. • “The details of the report weren't quite so encouraging, with the decline in the unemployment rate driven largely by a fall in the labor force within the household survey, meanwhile on the establishment survey a slight tick down in average working hours meant that, despite the strong job growth, AGGREGATE HOURS WERE DOWN SLIGHTLY ON THE MONTH.


Yeah sure, unemployment rate is down because those who want jobs already have one, and others are too discouraged to look for jobs because pay and benefits are lousy.