Labor Dept. reports increased hiring last month…Stock Market drops….

The ‘experts’ say business’s are hiring…

But?

If you look around?

‘Job Opening’ signs are still in a lot of store windows….

And?

The whispering about a ‘Recession’ grows louder….

And?

Gas prices are up there across the country as people move to do their Spring and Summer travel with kids out of school….

President Biden gave a nuanced celebration of the jobs data in remarks on Friday, emphasizing recent gains while arguing that a slowdown would be welcome, allowing inflation to ease.

“The point is this: We’ve laid an economic foundation that’s historically strong,” Mr. Biden said. “Now we’re moving forward to a new moment, where we can build on that foundation, build a future of stable, steady growth so that we can bring down inflation without sacrificing all of the historic gains that we have made.”

Stocks declined on Friday and bond yields rose as investors evidently read the report as reinforcing the Fed’s muscular efforts, which risk denting economic growth. “The better the data, the more difficult that a pause or reduced pace of tightening later this year becomes,” analysts at TD Securities wrote in a research report published after the jobs numbers were released.

The continued job gains are among many indications of a vibrant economy. Reports from the nation’s largest banks show checking accounts are still above 2019 levels for nearly all income groups. New bankruptcies and debt-collection proceedings are both at their lowest levels since tracking began in 1999.

Yet those encouraging trends have been at odds with the generally sour national mood, dominated by inflation concerns. U.S. consumer sentiment declined in early May to the lowest since 2011, according to the University of Michigan…

…

“The Fed at this point is saying, look, we’d rather head off inflationary pressures, because if we have to slam on the brakes, then we’re going to cause a recession and it will be worse for these underserved communities,” said Gerald Cohen, an economist at the Kenan-Flagler Business School at the University of North Carolina. “It’s a challenge, because they want to pull people into the labor force. They know the way to do that is through higher wages. But higher wages can also breed higher inflation.”

For employers, too, the prospective change in the economic picture may not be spread evenly.

“Businesses with high profitability, easy access to capital, the capacity to automate and pricing power are still eager to hire,” said Bill Adams, chief economist at Comerica Bank, a large commercial bank based in Texas. “But businesses that are seeing their margins squeezed by rising costs, like hospitality, or that are seeing demand soften, like retail, are pulling job postings as their outlook softens. And competition for workers is squeezing lower-paying employers out of the job market.”…

More…

Note…

Some Americans are NOT getting ALL that ‘raise money’ experts are talking about…