Looks like the economy keeps chugging ahead. The jobs added are clearly over the estimates and the unemployment rate ticked up as people entered the workforce.
A couple of interesting things 2.6 mil jobs added as compared to 2.2 mil last year. An increase from 2017 but not any different from Obama years.
This was a good report. The strong jobs plus the increase in unemployment shows more people are seeking and finding jobs (counterintuitive, I know). Let’s hope to see some good real wage growth next week.
As far as fixing the deficit, cut Defense, institute a one tenth of one percent transaction tax and a flat income tax rate of 0% for the first 50k, 10% up to 200k, and 20% after that.
They made the market head down. I don’t see any inflation. BUt, with this kind of amazing employment number, I’ll cut them more slack. But, We need dynamic growth to pay for entitlements.