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Job numbers blow past expectations, but we may not be out of the low-hire, low-fire labor market quite yet.
Plus, what a decision by the Virginia Supreme Court means for Democrats' hopes of retaking the House in the midterms.
While this is certainly something that makes Democrats winning back control of the House much more difficult,
I do n't think this decision favors Republicans in the big picture.
Why is that?
We'll get into it.
And in a big win for Intel, it will supply some chips for Apple devices,
a deal that was pushed by the Trump administration.
It's Friday, May 8th.
I'm Alex Osilev for The Wall Street Journal.
This is the PM edition of What's News, the top headlines and business stories that move the world today.
Let's start the show with some good news.
U.S. Employers added 115,000 jobs in April, blowing past analyst expectations for the second month in a row.
Meanwhile, the unemployment rate stayed at 4.3%.
For more on what's behind the numbers, I'm joined now by WSJ economics reporter Chow Dang.
Chow, a few months ago, economists were really worried about a hiring slowdown hurting the economy.
Now this is the second really good month in a row of jobs numbers.