INCREDIBLE – AT 1:08 P.M. ET:   The American economy is literally on fire.  We can't even fill job openings.  It is great news for the country, and especially for minority citizens seeking work.  From CNBC: 

America’s labor shortage is approaching epidemic proportions, and it could be employers who end up paying.

A report Thursday from ADP and Moody’s Analytics cast an even brighter light on what is becoming one of the most important economic stories of 2018: the difficulty employers are having in finding qualified employees to fill a record 6.7 million job openings.

Truck drivers are in perilously low supply, Silicon Valley continues to struggle to fill vacancies, and employers across the grid are coping with a skills mismatch as the economy edges ever closer to full employment.

“Business’s number one problem is finding qualified workers. At the current pace of job growth, if sustained, this problem is set to get much worse,” Mark Zandi, chief economist at Moody’s Analytics, said in a statement. “These labor shortages will only intensify across all industries and company sizes.”

And...

Economists expect that employers are going to have to start doing more to entice workers, likely through pay raises, training and other incentives.

COMMENT:   We think politically here, and clearly this economic boom is the president's biggest issue going into the midterms.  The only thing that could disrupt its effect would be a sudden, unexpected downturn, or a direct hit by the Mueller office. 

But we've rarely seen an economy quite like this.

July 5, 2018