So here’s the monthly jobs report:
Another fine report. 136,000 jobs created. Keeps up with population growth. Job growth slowing a lot which makes sense since we’re at full employment. Unemployment rate down to 3.5%. An extra 45,000 added to the previous two reports. That’s good. Labor participation the same at 63.2%. That’s barely moved at all in years. But wage growth sucked! Dropped by a penny(-.01).
So fine report, but wage growth bad.