Jobs report: April job reports shocks with 253,000 jobs created, unemployment falls

Jobs report: April job reports shocks with 253,000 jobs created, unemployment falls

https://finance.yahoo.com/news/april-jobs-report-may-5-2023-215956320.html?fr=sycsrp_catchall

This is good news, as even if there maybe other indicators of slowing down in some areas its definitely not a recession.

Also today in store I noticed the prices on eggs and other products actually went down.
This is good news.

 

For the first time, used car prices have fallen they're expected to fall further as new car manufacturing ramps up. I'm waiting for interest rates to fall.

 

Unemployment falls to a 54 year low.

The bad side to this is that it would seem to encourage them to keep raising interest rates?

 

That's a special case, Steve. They're (to me) much more desirable than old English sports cars, that go for completely outlandish prices. That 27-year old Miata is a more durable and reliable, better-designed, engineered and manufactured car than any of the popular Brit models. Got the looks and handling, too - in spades.

You won't get twice what you paid for your 5-8 year old Ford or Chevy. You'll get less than you might have a couple of years ago for a similar car, the same age. Keep your anomaly. Love it, care for it and enjoy it to the max. Your Japanese-designed car probably means as much to you as the Japanese-made classical guitar I received as a present, 55 years ago, means to me.

 

And I bet, if even one of them was running, you and he were lucky. My first car was a 1961 Austin-Healey bug-eye Sprite, bought in 1966. $300, including a removable hardtop. Handled OK, but still not much fun to drive - sort of a half-nimble buckboard. One week of fun - then major motor problems, which cost me the price of the car in repairs! That repair, at least, was done by a competent British-trained mechanic.

I moved to another town and there, it was absolute hell to pay for repairs - which were frequent. No Brit-trained mechanics. I was such a greenhorn I paid for mechanics' learning time. Most of them in town didn't know squat about these cars and I'd end up paying for half a day, for what should have been a half-hour job. The worst place of all was the local British Motors Corp. dealer, staffed with "Larcenous-Canadians." That car was absolutely the worst motoring experience of my life.

 

I can sell my car today for almost as much as I paid for it several years ago. The market is crazy.