Name:   GoneFishin - Subject:   NEWS MM AND THE RIGHT HATE TO READ Date:   6/5/2015 10:23:37 AM

The headline of 280,000 jobs added in May is the strongest number since December, but that’s just the start of it. An abysmal April job growth number was revised up to merely mediocre. Average hourly earnings rose by a healthy 0.3 percent. And perhaps the best news was in the survey of American households that determines the unemployment rate. The number of people in the labor force rose by almost 400,000, and the ratio of the population with a job ticked up to 59.4 percent, from 59.3 percent.

unemployment rate rose to 5.5 percent, but this is a classic case of the jobless rate rising for good, rather than bad, reasons. Americans were sufficiently optimistic about the job market that they joined the labor force. Given the rate of job creation we’re seeing, it should only be a matter of time before they successfully land work.