Jobs report.

We added another 206k jobs in June. Higher than expected.

Unemployment is at 4.1%. Labor force participation increased to 62.6%.

April and May got revised down by a combined 111k.

Labor market is cooling, but still pretty good for pre-pandemic job growth.

We are now almost 4 million jobs above what CBO expected in its pre-pandemic January 2020 forecast. It really should be talked about more. This has been quite a good pandemic recovery compared to our peers.