Is it really that good? It’s better than that.
The American job market continues to forge ahead under a head of steam, forcing even the most cautious prognosticators to ask if it’s really that good. Well, truth is, it’s better than that.
Once again, the Bureau of Labor Statistics’ monthly Jobs Report astonished economists and market observers by revealing that 254,000 jobs were created last month, blowing away predictions of 140,000, while the unemployment rate ticked down from 4.2% to 4.1%. For the 45th consecutive month, the job market outperformed expectations, continued the most robust expansion in history, and even defied possible disruptions usually associated with election year jitters and shenanigans. In short, the American job market is a beautiful thing.
And as usual, it’s not limited to the veneer of jobs created and unemployment rate.
