April produced another solid month of job growth, the Labor Department reported Friday, reflecting the economy’s resilient rebound from the pandemic’s devastation.
U.S. employers added 428,000 jobs, the department said, the same as the revised figure for March. The unemployment rate in April remained 3.6 percent.
“The job market is proving to be a key source of resilience for the economy. Job creation will eventually settle into a slower pace as businesses feel the pinch of soaring inflation and tighter financial conditions, but gains will stay healthy,” said Oren Klachkin, a lead U.S. economist at Oxford Economics. “We think the economy has enough strength to create over 4 million jobs this year.”
The U.S. economy has regained more than 90 percent of the 22 million jobs lost at the height of coronavirus-related lockdowns in the spring of 2020. And labor force participation has recovered more swiftly than most analysts initially expected, nearing prepandemic levels. The labor supply over the past year has not kept up with a record wave of job openings, however, as businesses expand to meet the demand for a variety of goods and services.
That has helped push up wages — the April survey showed average hourly earnings 5.5 percent higher than a year earlier — but those gains for workers have been largely offset by a surge in prices. …
an entire village of 800 households was reduced to ashes by the military-
it seems something like this happens somewhere on earth about once a week or so, but the stories never make it to any US news media, nor do we hear a peep outta the politicians…so why is Ukraine so special? cause they’re white, rather than Asian or black?
The entire village reduced to ashes by Myanmar military— According to local sources, Junta troops burned down a town with over 800 households in Sagaing Region’s Kalay Township last weekend after clashes with defense forces.
Residents of Ah Shey See, a village in the township’s southern part near the Magway Region’s border, claim regime forces set fire to their homes late Sunday evening.
“They set fire to every house they could see.” “On the outskirts of the village, only a few houses were spared,” said a resident who did not want to be identified.
According to aerial photographs, most of the village has been reduced to ashes. Only about 40 structures have survived.
After a full day of fighting between the Kalay People’s Defence Force (PDF) and around 200 junta troops, the attack on the village began. The battle started early Sunday morning and lasted until about 5 p.m. when the PDF fighters were forced to retreat.
The soldiers allegedly stole as much as they could from the villagers’ homes before setting the fire.
After weeks of investigation, Italian authorities announced late Friday evening that they had impounded a nearly $700 million superyacht, saying that its owner had “significant economic and business links” to “prominent elements of the Russian government.” According to U.S. officials, the prominent element is none other than Russia’s president, Vladimir V. Putin.
In recent days, the Scheherazade, as the enormous luxury ship is named, showed signs of readying to set sail, apparently aiming to leave before the Italian government could seize it. But late Friday, Italian police boarded the yacht — which is 459 feet long, with two helicopter decks, a gym and a swimming pool convertible into a dance floor — and told the crew that the ship was not going anywhere. The Italian finance ministry announced that an investigation had established that the ship’s owner, whom it did not name, was an individual that “threatened peace and international security” and that the individual’s actions amounted to the “undermining or threatening the territorial integrity, sovereignty and independence of Ukraine.” …
US added 428,000 jobs in April as the labor market remained vibrant
NY Times – May 6
Joe Biden’s to do list:
1. Finish the Iran nuclear deal.
2. Get a minimum wage increase through Congress.
3. Fix the damn border.
an entire village of 800 households was reduced to ashes by the military-
it seems something like this happens somewhere on earth about once a week or so, but the stories never make it to any US news media, nor do we hear a peep outta the politicians…so why is Ukraine so special? cause they’re white, rather than Asian or black?
Italy seizes a superyacht tied to Putin
NY Times – May 6