US economy added 223,000 jobs in April

Really the only unusual or exciting thing about this jobs report is how unusual it is for something so thoroughly expected and non-game-changing to happen. Adding a bit over 200,000 jobs a month is both what analysts thought would happen, and also a trajectory that is consistent with a continued slow decline in unemployment but no real labor market boom.

Dive deeper into the data, and the basic lack of surprises only continues. Labor force participatio