A lot of annoying political analysis followed Friday’s jobs report. But if you strip away the spin, it was a good set of numbers – even “near perfect,” as Thomas Simons of Jeffries called it.
With the expansion entering its ninth year, and already the second longest on record, now’s the time to be looking for signs it is coming to an end. Friday’s report offered none. Job growth was solid, but not strong enough to spook the Fed. Wage growth picked up, but not enough to threaten inflation. Discouraged workers
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