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The good news: 196,000 jobs added in the US in March.

More good news: unemployment is at 3.8%.

And yet, worries continue.

The US economy is sufficiently large that it has inertia. Changes can take months or years to become noticeable. Trade wars, job migration, federal deficits and debt, and external factors like Brexit and turmoil in Venezuela are causes for concern that may not be reflected in the data, yet. The US recovery is setting records, which suggests a recession is due, which may become a self-fulfilling prophecy. In the meantime, enjoy the good news, and maybe save a bit more money, just in case.

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