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AP | Unemployment hits 49-year low as US employers step up hiring: 3.6%
"'We have entered a very strong and durable prosperity cycle,' said Larry Kudlow, director of the White House's National Economic Council. ...And the unemployment rate for veterans of the Iraq and Afghan wars dropped to 1.7%, also a record low."
BLS | Employment Situation Summary
The jobless rates for teenagers (13.0 percent) and Blacks (6.7 percent) showed little or no change. ... long-term unemployed was little changed at 1.2 million in April and accounted for 21.1 percent of the unemployed. ... The labor force participation rate declined by 0.2 percentage point to 62.8 percent ... Professional and business services added 76,000 jobs


Diversity is the key to economic and political evolution.
by Cat on Sat May 4th, 2019 at 06:08:06 AM EST
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Kudlow's statement, 'We have entered a very strong and durable prosperity cycle' brings to mind Irving Fisher's immortal quote: "Stock prices have reached what looks like a permanently high plateau." - Sept. 3, 1929

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sat May 4th, 2019 at 08:13:33 PM EST
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