Employment Situation Excellent
July jobs reports confirm the strong employment picture, with the unemployment rate at 4.1% and the job-to-applicant ratio at 1.09, the highest since 1992. The stat that really caught my eye was that the economy added 110,000 jobs. Japan's population is about 43% of America's, so the equivalent number for the US would be over 250,000 jobs. That's quite an accomplishment and provides overwhelming evidence that the economy is growing nicely.