The good news: Jobs are up 228,000, which beat expectations of 195,000. Unemployment remains low, at 4.1%.
The not so good news: Job participation remains low, at 62.7%. Wage growth is positive, but only 2.5%.
The improving jobs and record setting stock markets are good signs for business; but evidently, many people aren’t able to get into the job market, and those that are in the job market aren’t seeing the same benefits in wages that investors are seeing in stocks. The bifurcation suggests a continuation of the growth in the income and wealth inequality gaps. Good for some. Not good for others.