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Jobless Rate Looks Like Old Times, but the Economy Doesn’t

[ad_1] The last time the unemployment rate fell below the 4 percent threshold was in 2000, during a period of frenetic activity remembered as the dot-com boom. Nine years into a sustained, if less feverish, economic recovery, that milestone has been achieved again. The Labor Department said Friday that the jobless rate in April fell to 3.9 percent, raising anew the question of just how tight the labor market can get, and for how long. In the past half-century, only the late 1960s brought an extended period when the rate stayed below 4 percent. “We’ve continued to add jobs routinely every month for so long, and the unemployment rate we have reached is amazing,” said Catherine Barrera, chief economist of the online job site ZipRecruiter. President Trump crowed about the landmark on Friday, tweeting, “4% is Broken!” The steady-as-she-goes economy has produced a record 91 straight months of job growth. That may represent a healthier foundation than the dot-com era, when pride — or, as it w...

Sanders admits White House’s story about Comey firing has changed, argues it doesn’t matter – ThinkProgress

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[ad_1] During his train wreck of an interview on Hannity on Wednesday night , new Trump attorney Rudy Giuliani explained that the president fired then-FBI director James Comey because Comey refused to publicly announce that Trump “wasn’t a target” of the FBI’s investigation of his campaign. There’s just one problem. Giuliani’s explanation for Comey’s firing differs from two previous ones that have already been offered by the White House — the official line, which was that Comey mishandled the Hillary Clinton email investigation; and the one Trump offered NBC’s Lester Holt, which was that he fired Comey because he was frustrated with the Russia investigation . On Thursday, Press Secretary Sarah Huckabee Sanders was asked to reconcile team Trump’s shifting rationales for Comey’s firing. She responded with the verbal equivalent of the shrug emoji. “There were a number of reasons that James Comey was fired. The president has named several of them,” Sanders said. “But the bottom line ...

Klein doesn't see the point - and neither do Leicestershire

[ad_1] Leicestershire 381 (Horton 66, Ackermann 65, Reece 3-64) drew with Derbyshire 251 for 8 dec ( Wilson 64) Scorecard A final day battle for bonus points ended with both Leicestershire and Derbyshire satisfied with their return from a match which saw the first seven sessions lost to the weather. An entertaining morning's cricket saw Leicestershire add 114 to their overnight score but miss out on a fifth batting bonus point as Derbyshire picked up five wickets. Resuming on 267-5, Neil Dexter and Ned Eckersley scored quickly in extending their sixth wicket partnership to 82, with Dexter lofting leg-spinner Matt Critchley high over extra cover for six before leaving a delivery from fellow South African Duanne Olivier that knocked his off-stump out of the ground. Eckersley went on to his half-century, made from 121 deliveries, before pulling Ravi Rampaul hard to midwicket, where 12th man Callum Broderick held the catch at the second attempt. Ben Raine hit eight boundaries in goin...