Under Pressure

Under Pressure It's another decent jobs report, right? I mean, that's what the headlines are saying as I write this newsletter. And, on the surface, the base numbers are in line with what we have been seeing - the unemployment rate is 4.3% and 115,000 jobs were created in April. But, let's dig into the numbers a little bit. 7.4 million people are unemployed (1.8 million of these for 27+ weeks) + 4.9 million people are employed part-time for economic reasons + 6.1 million people are not...