Good morning.
Good Friday in Whitewater will be mostly sunny with a high of 52. Sunrise is 6:25 AM and sunset 7:28 PM for 13h 03m 09s of daytime. The moon is a waning gibbous with 98.1% of its visible disk illuminated.
On this day in 1921, AT&T engineer Herbert Ives transmits the first long-distance public television broadcast (from Washington, D.C., to New York City, displaying the image of Commerce Secretary Herbert Hoover).
Abha Bhattarai and Lauren Kaori Gurley report Labor market adds 236,000 jobs in March, powering economy on (‘the March jobs numbers mark the 27th straight month of solid growth’):
Employers churned out 236,000 jobs in March, shoring up the economy through a period of increasing financial instability and inflation, as a resilient labor market continues to prop up the economy against all odds.
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American workers, and their spending prowess, have driven the U.S. economy through incredible obstacles: a banking crisis that took down three institutions and threatened broader financial instability; higher interest rates that have chilled the housing market and parts of the financial industry; sweeping tech industry layoffs, with major employers cutting more than 160,000 jobs in three months; and persistent inflation that’s made groceries and rent much more expensive, particularly for the nation’s most vulnerable.
“The labor market remains the pillar of strength in the economy,” said Daniel Zhao, lead economist at Glassdoor. “Americans are employed, they’re getting paychecks, which of course keeps consumer spending healthy and keeps the rest of the economy running.”
Despite the economic head winds, employers — many of whom have struggled to fill openings — are continuing to hire or at least keep the workers they do have, even as business slows.
Ukrainians Under Fire Refuse to Leave: