The Morning Dispatch: A Jobs Report from the Goldilocks Zone

Job growth remains strong, although lingering fears remain that the Fed will overcorrect in fighting inflation.

By and
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Happy Monday! Declan’s out of the office for a couple days, which makes this as good a time as any to note that the Cardinals took 3 of 4 from the Cubs over the weekend. Let’s get on to the news.

Quick Hits: Today’s Top Stories

  • The baby formula plant whose February shutdown exacerbated a nationwide formula shortage resumed production over the weekend. “We will ramp production as quickly as we can while meeting all requirements,” Abbott Nutrition said in a Saturday statement.

  • Dr. Mehmet Oz secured his victory in Pennsylvania’s Republican Senate primary Friday after former hedge fund CEO David McCormick, who trailed Oz by less than 1,000 votes in the initial vote count, conceded that an in-progress recount would not eliminate that margin.

  • John Fetterman—Pennsylvania’s lieutenant governor and Oz’s November opponent—is facing new questions about his health going into the general election, following a stroke last month that required hospitalization and the installation of a pacemaker. In a Friday statement, Fetterman, a Democrat, revealed he suffered from a heart condition and had “avoided going to the doctor,” and as a result he “almost died.”

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  1. Tim Moore

    Dr. Oz wins the primary, and his opponent John Fetterman has had a stroke and a heart pacemaker installed, and noted he had a heart problem and avoided going to the doctor

    Where is Dorothy when we need her?

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  2. Bill Brockman

    Re today's question: Rainbow. As in "there's a pot of gold at the end of the rainbow." Translated: the prospect of an agreement actually happening is an illusion, just like that pot of gold.

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    Mike CS

    The numbers are encouraging. People are going back to work filling open positions. I just don’t see that as job creation. I prefer employment change. I know it’s a BLS thing. I am curious, though, on the household surveys. We are cell only and have non contacts blocked so unless we get a VM with a call back number, we’ll never be included. Our son, who is now a FT work at homer told us at lot of people his age( almost 40) are either demanding to work from home or seeking jobs where that is now a more frequent option. Plenty of old Dilbert comics from the early stages of work at home. I’m not sure about the Fed, but given the improvements, they may rethink increasing too much.

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    Nathan

    Gohmert's point was about selective prosecution. It's not a very good defense, but I think he's pointing to something real in his ham-fisted, pot-stirring way.

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    Nathan

    Why does ‘I have a gun next to my bed bro’ trigger a red flag...? I was skeptical of claims that red flag laws would be grossly abused, but this is a strong counter example. Is keeping a bedside firearm (presumably in a quick access safe) not the quintessential home defense practice?

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    The Bell Tower

    The states need to make progress on gun legislation. The feds can and should do little.

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  7. Steven Lentz

    Amber. Political divide makes me doubt anything will be settled

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  8. R. James

    Having a job is cold comfort, if your wages can't keep up with inflation.

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  9. Scott Stewart

    My mood ring started laughing hysterically

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      Phil H

      We have a winner!

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    Richard Maxton

    Re: QOTD - what color would disbelief be?

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    1. Midge

      Ultramarorange.

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