Generic Congressional question down to two points?
Unemployment hits new low — but …
“It’s the economy, stupid. Did you ever hear that one?”
Businesses, individuals will all suffer harm
It’s a great life.
The return of a Goldilocks economy?
“An excruciatingly tight labor market”?
Big win over 2016.
“Little of what was feared about Mr Trump’s economic policy has come to pass.”
Or is it an “I told you so” moment?
A hot time in the oil fields
Let it grow, let it grow, let it grow.
Not that you should expect to hear about this very often
Boost of 228K, 4.1% U-3.
As with everything else, it’s complicated
Thumbs up for tax reform.
ADP: Private sector had a good month too.
Culture and values.
209K added, 4.3% unemployment, but wages stagnating?
Great Mediocre expectations.
Railroads have schedules, so travelers needed watches.
Labor force surge.
“Just down the road …”
Status quo ante.
As you can see, Americans much prefer saving over spending.