The monthly BLS employment data seems to show economy doing OK without having to lower interest rates

The bls monthly employment indicates that the economy is doing fine.

I believe the data indicates that there is no need to cut rates, and no need to sell stocks any time soon.

At this web site: https://www.bls.gov/news.release/pdf/empsit.pdf

Nonform payroll employment rose by 303,000 in March. The unemployment rate changed little at 3.8 percent. There were job gains in health care, government and construction.

The labor force participation rate at 62.7 percent was little changed in March.

The average hourly earnings for all employees on private nonfarm payrolls increased by 12 cents, or 0.3 percent, to $34.69. Over the past 12 months, average hourly earnings have increased by 4.1 percent.

Construction added 39,000 jobs in March. So maybe there is some hope that workers will have a place to live.

I hope the rate of new home construction will increase to a faster rate because the housing shortage and increasing shelter costs according to CPI is more than the 4.1 percent year-to-year wage growth.