“…As I feared, the economy has stalled.
Friday’s jobs report for April was even more disappointing than March.
Employers added only 115,000 new jobs, down from March’s number (the Bureau of Labor Statistics revised the March number upward to 154,000 -
- but it’s still abysmal relative to what’s needed).
At least 125,000 new jobs are necessary each month just to keep up with an expanding population of working-age people.
That means the hole is getting even deeper…”
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