The April jobs report delivered another reminder that the American economy is stronger than the professional pessimists, Wall Street forecasters, and Washington spreadsheet jockeys keep insisting.
Nonfarm payrolls rose by 115,000 in April, nearly double the consensus expectation of roughly 65,000. Private payrolls did even better, rising by 123,000 against expectations closer to 75,000. The unemployment rate held steady at 4.3 percent.
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