It’s a good time not to be “privileged,” to borrow the political vernacular of our progressive friends. Friday’s labor report showed employers added 263,000 jobs in April as the unemployment rate dropped to 3.6%, the lowest in five decades. The best news is that the biggest beneficiaries of this tight labor market are the folks who struggled during the slow-growth Obama years. The details in the April report weren’t quite as good as the top line number, due in part to a sizable drop in the overall labor force. This is a surprise...

Source: Wall Street Journal May 03, 2019 21:45 UTC