The monthly labor numbers showed a gain of 255,000 jobs and a jobless rate of 4.9%. Hourly pay rates were up 0.3% last month. The losing sector were those angry white people in mining where there are six thousand fewer jobs. The average hourly wage is $29.60.
This may pave the way for the Fed to raise rates, but if I was running for President as the third term of Barack Obama, I'd be happy with these numbers.