236k Jobs Added, UE drops to 3.5%

Good news except for the part where the Fed will see this as evidence they need to keep raising rates.

 

This is the other view. Early stages of a slowdown.

https://www.cnbc.com/2023/04/07/jobs-report-march-2023.html

but regardless, it is at least a sign that as of yet, the fed hasn’t overcooked their rate hikes.

 

Oh no .... hoping strong jobs reports over the next few months has the fed pushing the 2-year treasury over 5%, again!!

 

It was literally the perfect report. Healthy but not too hot.

Biden is threading the needle.

March jobs numbers point to healthy but not-too-hot economy

Abundant jobs. More people working. Inflationary pressure fading. That represents the dream scenario for the U.S. labor market.

• It is also the picture painted by the March jobs numbers out Friday morning.

 

This current period of “high” interest rates exists solely because we’ve experienced ridiculously low interest rates for far too long. I’d like to lock up some 2-5 year treasuries in the 4-5% range.

I financed my first home at 10.75% with 4 points upfront conventional mortgage. Fortunately, we purchased before rates hit the high teens.

 

Republicans are trying to circulate "they are all part time jobs!". Its all over twitter and conservative sites. Here is the reality.

 

The reality that people having to get multiple jobs has been steadily rising during Biden's term? You're my favorite poster, dude, fr.

 

So have the number of people with 1 job.

 

Well that’s true, because Biden came in during Covid and Hugh unemployment. Once things opened up more people got jobs, including the approximately 1 in 20 with multiple jobs, which has been amazingly consistent of the years per CGs chart.

 

Seems like a good place for this.

 

Rates aren’t historically high that’s true but they can’t stay this high for long. We won’t be able to service our own debt. National debt is 120% of our GDP; not sustainable.

 

I know how to read a chart, dude. I was just giving @citygator some shit. But at the same time, it stands to reason that the share of part-time workers may rise in the short term with overall employment being maxed out and wages not keeping up with inflation.

 

All kidding aside, we have a massive problem on our hands and it's the fault of both parties and the Federal Reserve for being so irresponsible.

 

Finally. We agree.

 

I remember a popular refrain from Trump sycophants was black employment levels. Looks like we have a new record holder in the White House. Thanks Joe. Rate is still too high though.

https://www.washingtonpost.com/business/2023/04/07/black-unemployment-rate-record-low/