The good news is that unemployment is down to 4.5%, and wages are up 2.7% annually.
The bad news is that the number of new jobs was 98,000 instead of the expected 175,000; and that the previous months were revised down by 38,000. Retail bankruptcies are reaching a post-Recession high, though it wasn’t stated whether that is an economic or Amazon effect.
The recovery continues, though more slowly and with major shifts in industries like retail and coal. The April report will chronicle the first full quarter since the inauguration, the honeymoon and transition period that may reflect changes in policies, and the subsequent shifts in business strategies.
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