Saturday, May 6, 2017

April employment report


New Deal Demoncrat - April employment report. Summary includes:

In sum, we still need to move this +0.7% off the sidelines and into actual employment, and also add another +0.6% or so from underemployment to complete employment before we can say that the the economy is operating at "full employment." And we are almost 8 years out from the beginning of this expansion, and probably a lot closer to the beginning of the next downturn. This is simply not an economy that in secular terms is working for the average American.

But that's great for corporations, so buy the S&P and quit your whining.

Though yeah no seriously I'm starting to think you'll probably be able to buy S&P at 2400 again in a few years. Republican administrations typically fuck up the US economy badly.

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