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This is the jobs report we've been waiting for
The April jobs report was a disappointment. The US economy added 160,000 jobs in April, the fewest since October 2015 and well below expectations for job gains of 200,000. And while any and all disappointments relative to the headline number get those who are bearish on the US economy all excited, this is really the kind of jobs report we've been waiting to see. As the US economy pulls closer to full employment, economists have long argued that the pace of payrolls gains will simply have to slow down. In a speech last year, San Francisco Fed president John Williams said that once the US economy is "operating at full ... (full story)