Civilian employment increased by more than 400K in headcount during the month.
Measured yr / yr, jobs growth rose by 1.9% -- reasonable performance.
Growth of the labor force has been creeping up and increased by 1.4% over the past twelve months. This is still low enough growth not to force the Fed's hand on monetary policy.
Hourly earnings increased by 2.6%, which lagged inflation of over 3.0%. Bosses continue to be profound cheapskates, and are not rewarding the rank and file for productivity gains. This practice of "poor boying" the labor force undercuts sustainable consumer purchasing power and intensifies growing class differentiation. You do not have to be a populist to recognize that corporate greed is a long term economic negative.
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