Friday's jobs report from the Labor Department showed that last month's hiring kept the unemployment rate at 3.6%, just above the lowest level in a half-century.
The latest employment figures did contain a few cautionary notes. The government revised down its estimate of job gains for February and March by a combined 39,000. And the number of people in the labour force declined in April by 363,000, the first drop since September. Their exit slightly reduced the proportion of Americans who are either working or looking for work from 62.4% to 62.2%.
Yet it's unclear how long the jobs boom will continue. The Fed this week raised its key rate by a half-percentage point -- its most aggressive move since 2000 -- and signalled further large rate hikes to come. As the Fed's rate hikes take effect, they will make it increasingly expensive for consumers and businesses to borrow, spend and hire.
What's more, the economy now has, on average, two available jobs for every unemployed person. That's the highest such proportion on record.
America, Europe and Canada are such a pos there's nothing money could ever provide to change that!
If I died tonight I'd be very happy knowing I could never have been paid what I'm owed!
I would've liked travelling South of the border and helping disaster relief Florida and Texas!