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.footer .iOSLink a { color: #666666 !important; text-decoration: none !important; } @media only screen and (max-device-width: 480px) { body { padding: 10px !important; } .one-column p, .one-column li { font-size: 19px !important; line-height: 29px !important; } }A daily digest of opinions and analysisUnemployment at 4.4 Percent: It’s Been a While!Here’s reason for President Trump to celebrate: Joblessness fell to its lowest point in a decade in April, with payrolls rising by a greater-than-expected 211,000. Mohamed El-Erian sees evidence of a firming economy (and suspects the Fed might be tempted to raise rates as early as next month). Digging into the data, Mark Whitehouse investigates why increasingly in-demand workers aren’t seeing the pay raises they might expect, while Justin Fox examines the curious uptick in male employment.The Military Debate We NeedAmerica’s armed forces face a grave “readiness crisis,” according to some in the military, and the only cure is more defense spending. But is there any evidence that’s true? Michael Bloomberg argues that breathless warnings about a “hollow force” distract from more critical conversations.What Trump Got Right and Very, Very Wrong About JacksonAlthough Andrew Jackson died more than a decade before the start of the Civil War, Donald Trump said the seventh president “saw it coming” and “would never have let it happen.” As a matter of history, that’s plausible, Ramesh Ponnuru says, but as a moral issue, it’s indefensible — unless you’re OK with keeping slavery to keep the peace.How Zombie Companies Slow Productivity GrowthSometimes you’ve got to be cruel to be kind, even if it means losing jobs in the short term. Catherine Mann and Dan Andrews argue that keeping struggling firms on life support hurts growth, undermines investment, and can drag down entire national economies.Before it’s here, it’s on the Bloomberg Terminal. Find out how the Terminal delivers information and analysis that financial professionals can’t find anywhere else. Learn more.Ritholtz’s ReadsThe president’s secret Air Force (Politico)Companies compete, but won’t let their workers do the same (New York Times)How a hedge-fund ace chased Silicon Valley riches—and embarrassed himself (Wall Street Journal)Bloomberg GadflyTake Caterpillar’s rebound with a pinch of GAAP saltAt Avon, a management makeover can only do so muchData glitches and financing hitches squeeze online lenders(Read more from BV’s sister site for fast business commentary.)Bloomberg L.P. ● 731 Lexington Avenue, New York, NY 10022Web ● Facebook ● TwitterFeedback ● Unsubscribe

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