Getty Images Two ironworkers are among the laborers constructing a new building (the Agua Caliente Cultural Museum and Spa) in Palm Springs, California.
Get ready for a bit of whiplash in trying to judge the strength of the economy.
Employment figures for April and a flock of other reports this week are likely to show growth has perked up after a wobbly start in 2019. Yet Wall Street will probably get a blunt reminder that the economy is well behind last year’s blistering pace of growth.
Consider the jobs market. Although the U.S. added 196,000 new jobs in March after a paltry 33,000 gain in February, the pace of job creation has clearly slowed. Retailers, manufacturers and construction companies have either cut back on