Unemployment Rate Drops

Remember: the magic number is 200,000 (more is good)

Expectations: the economy would add 168,000 jobs (and that estimate had been lowered over the past week)

Actual: 115,000 jobs added this past week.

The Wall Street Journal was generous in its analysis:

U.S. job growth slowed again in April, a fresh sign that the economy could be settling into a sluggish spring.  

Sluggish. If only.

The last line of the linked article:

A broader measure of unemployment—which includes job seekers as well as those stuck in part-time jobs—was unchanged at 14.5%.