Whoa that’s A LOT of jobs dude. 339K jobs created. That was my first thought waking up this morning. I kid you not. I’m terrible at waking up. The first thing I do is reach for my phone and scan the latest headlines, and the first thought this morning . . . duuuude. Jobs. Consumer consumption is 2/3rds of this economy, and if jobs are healthy, consumption continues. “But jobs is a lagging indicator they say . . . .” Um okay, but 339K jobs created when the “expectation” was 190K? Yeah that’s a lot. It’s a lot when labor participation rates are already decently high. {chart} What it means is that the tight labor market ... (full story)