Friday, June 7, 2024

Dear Sam, Your plate of crow is ready. Best, Retiring Guy

 
Top headline:  Politico, 6/6/2024
 Bottom headline :  Wisconsin State Journal, 6/7/2024
Economists expect the Labor Department to report today that the U.S. added 190,000 jobs in May. 
In normal times, that’s a good-to-very-good number. These aren’t normal times. It’s “Are we in a soft landing?” time. And in “Are we in a soft landing?” time, economists must question how solid growth in the labor market might belie weaknesses that are of serious consequence to Federal Reserve Chair Jerome Powell and other monetary policymakers.


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