ECONOMY STILL IN GOLDILOCKS MODE Each month we eagerly wait for the “Employment Report”, arguably the most important of the U.S. economic reports, that is released on the first Friday of each month. If you study the long-term history of the employment report, it is unlikely that we could have a recession as long as job growth stays robust. This is important, because recessions have caused the most severe volatility in the stock markets over the years. Although the headline number for new jobs added (157,000) was slightly less than what was expected, the details told a story of a “Goldilocks” economy. Our economy is still generating plenty of new employment opportunities, but it is apparen
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