APRIL JOBS REPORT MIXED – AT 8:50 A.M. ET:  But the news is generally good.  From Business Insider: 

The US economy added 211,000 jobs in April, rebounding after an unexpectedly weak month, according to the Bureau of Labor Statistics.

Economists had forecast that nonfarm payrolls rose by 190,000, according to Bloomberg.

The bounce in jobs growth confirmed that the slowdown in March was a weather-related aberration, said Tony Bedikian, head of global markets for Citizens Bank. 

"Businesses are certainly hiring and there's no sign that we see of any bump in the road in hiring trends," he told Business Insider. 

The gains in March were revised down by 19,000 jobs to 79,000.

And...

Wage growth slowed last month, with average hourly earnings increasing by 2.5% year-on-year, down from 2.6%. Labor-force participation also slipped, to 62.9% from 63%. The share of American civilians over 16 working or looking for a job has plunged since the recession. An August 2015 analysis by the President's Council of Economic Advisers suggests that about half of the drop comes from structural, demographic factors: the baby boomers, an immensely large cohort of Americans, are getting older and starting to retire.

COMMENT:  We're heading in the right direction.  Jobs are up.  There is actual wage growth.  If Trump can bring a serious number of manufacturing jobs back to America, we'll be even better.

Cause for cautious optimism.

May 5,  2017