Job gains continue and unemployment falls to 5.1%


I remember several years ago when Warren Buffet explained that employment wouldn’t rebound until the construction industry turned the corner after the Great Recession. Well, if you haven’t noticed, there are plenty of construction projects out there now, particularly in cities as diverse as Miami and Cleveland as new apartment complexes and hotels are sprouting up.

Some who are obsessed with the stock market and the Fed’s decision on interested rates may be disappointed in today’s jobs report. Other with a political ax to grind will complain about the low participation rate, of course without acknowledging how that may be affected by today’s sharing economy.

The real message is that steady job growth continues. Yes, the economy still has challenges, but if you’re looking for work there are jobs out there.


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