The good news is that nonfarm payroll employment increased by 192K (BLS.)The bad news: less and less people are actually working.
This is partly demographic--the Boomers are retiring and not being replaced 1-for-1 by young 'uns, and partly the fact that there are a lot less jobs out there.
Another factor: the U-6 gang who just plain gave up looking for work, or are forced-part-time workers.
The unstated: if you're over 50 years of age, you're not going anywhere fast in the job market.
HT: Ticker
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