Good morning.
Friday in Whitewater will see intermittent clouds with a high of 74. Sunrise is 5:42 AM and sunset 8:00 PM for 14h 17m 42s of daytime. The moon is full with 99.92% of its visible disk illuminated.
On this day in 1862, troops led by Ignacio Zaragoza halt a French invasion in the Battle of Puebla in Mexico.
Lauren Kaori Gurley reports U.S. economy added 253,000 jobs in April, powering economy through turmoil (‘The unemployment rate dropped to 3.4 percent last month, according to a Bureau of Labor Statistics report released Friday’):
Employers created 253,000 jobs in April, keeping the U.S. economy afloat amid a banking crisis, rising interest rates, the prospect of devastating U.S. government default and a spike in layoffs.
The unemployment ratedropped to 3.4 percent last month, according to a Bureau of Labor Statistics report released Friday, matching a low from May 1969.
The April jobs report, which beat economists’ forecast yet again, showed the 28th straight month of solid job growth. The remarkable strength of the pandemic recovery labor market, despite some softening, is buoying the U.S. economy through enormous uncertainty. Jobless benefit claims have been slowly inching up but still show no signs of an economic downturn.
“You’re really not seeing any indicators in the labor market that a recession is on the horizon,” said Kathryn Edwards, a labor economist at the Rand Corporation. “All of the forecasts of a recession are coming from outside the labor market.”
Impressive, especially under ambient uncertainty.
Britain’s Unknown Royals: The Pearly Kings and Queens: