Last week we had a strong jobs report. 261,000 new jobs is not a great number, but it’s a pretty good number. Considering the fact that this included significant disruption from multiple hurricanes, the number is impressive. This brings us down to 4.1% unemployment. The lowest number since 2000.
Yes, we still have a good number of non-participants in the population, not looking for a job, and a good number of underemployed. Regardless, the raw number is still really good and shouldn’t be ignored. The stock market is reaching new highs indicating that we are seeing some signs of real