To Coin A Phrase, It's The Economy, Stupid!

 

-- 517,000 jobs added in January;

-- 3.4% unemployment;

-- construction employment up 3.6% from pre-pandemic levels (thanks, infrastructure bill!);

-- manufacturing employment up 1.7% (ditto!).

As far a lagging indicators, in addition to wage growth (up 4.4% year-to-year), the corporate media will lag behind the good news because it has a dark cloud to report on!