Jobs Data Came Upbeat

The final shoe has dropped in this Jobs Week, with a fresh non-farm payroll report from the Bureau of Labor Statistics (BLS) hitting the tape: 164K new jobs were created in April, and the Unemployment Rate has fallen to 3.9% — the lowest since December 2000, back when America was “Livin’ la Vida Loca.

” Both figures were lower than the 195K and 4.0% expected, respectively, but remain of the wider narrative that we are still in a very robust labor market.