The April Jobs numbers look pretty good. The US added 211,000 jobs in April and the unemployment rate dropped to 4.4%.
That's good news for Trump, as measured against Obama, but honestly, anyone can look good against Obama. There are several measures of unemployment, and the "official" measure is the U-3/ I've always believed that two other numbers should be used. One, the U-6, is currently at 8.6
Another, the labor force participation rate, is currently at 62.9%.
Thankfully both the U-6 is lower and the participation rate higher than a few years ago - but I am still skeptical of both since the inputs and calculations are changed often. I see the possibilities of a better economic future, but I'll wait to see some results before declaring victory.
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