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America Is In Full Employment, So Why Aren't We Celebrating?

These are prosperous times in America. The country is plump with jobs. Out of every 100 people who want to work, more than 96 of them have jobs. This is what economists consider full employment. The economy has grown for almost 10 years, making it one of the longest economic expansions in U.S. history. And over that time, the job market has come back. It grew slowly at first, then steadily, finally reaching a point at which there are many more openings than job seekers. Unemployment has...

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The first named tropical storm of the 2019 Atlantic season could form late Monday or Monday night, according to a special bulletin from the National Hurricane Center. The low-pressure system is a few hundred miles southwest of Bermuda.

Currently dubbed "Disturbance 1," the system has a 70% chance of developing into a tropical storm over the next 48 hours, the weather agency said in an update at 1:30 p.m. ET. The NHC says rain and thunderstorms inside the system are "showing signs of organization."

Gaby Gemetti thought she was failing. After having a second child, she struggled to be a good mom and also a good employee.

"I felt like I wasn't a good mother," she says. "I was waking up in the middle of the night thinking about, 'Oh, my presentation,' or just work in general."

So, even though Gemetti was moving up the management ranks at a top tech company in Silicon Valley, she gave up the job four years ago to stay home in Santa Clara, Calif. As hard as it was, Gemetti's decision was particularly driven by her son's needs, when he started requiring regular therapy.

The U.S. Supreme Court ruled in favor of Native American rights in a 5-4 decision in a case out of Wyoming. Justice Neil Gorsuch, the only Westerner on the court, provided the decisive vote in this case, showing himself again to be sensitive to Native American rights.

Updated at 3:30 p.m. ET

Ford is eliminating about 7,000 white-collar jobs — or about 10% of its salaried workforce — as part of a previously announced companywide global restructuring.

About 800 U.S. workers will lose their jobs between now and August. Another 1,500 U.S. employees took voluntary buyouts last year.

Globally, some of the 7,000 affected workers are being laid off, while others are being reassigned, Ford says.

Ukraine now has a new president, as Volodymyr Zelenskiy was sworn into office on Monday — and the famous comedian immediately said one of his first actions will be to dissolve parliament. Fulfilling a campaign promise, Zelenskiy announced a snap election to choose new lawmakers.

Updated at 1:10 p.m. ET

Lori Lightfoot officially became Chicago's first black female and openly gay mayor on Monday. She immediately laid out a four-point plan for safety, education, stability and integrity during her 40-minute inauguration speech.

Google says it will stop offering Android updates for phones made by the Chinese telecom company Huawei. The move follows a U.S. executive order that American companies stop doing business with any foreign company that harms national security interests.

These are prosperous times in America. The country is plump with jobs. Out of every 100 people who want to work, more than 96 of them have jobs. This is what economists consider full employment.

The economy has grown for almost 10 years, making it one of the longest economic expansions in U.S. history. And over that time, the job market has come back. It grew slowly at first, then steadily, finally reaching a point at which there are many more openings than job seekers.

Bob Best enthusiastically supports President Trump's tough policies against China and other countries.

"I'm not a big tariff guy. I'm a free trade guy," says Best, who manages a heating and air conditioning company in Kennesaw, Ga.

"But sometimes when the bully just doesn't listen, you've got to punch him in the mouth. And that's what he's doing."

Robert Smith encouraged graduates to "pay it forward" in his commencement speech Sunday at Morehouse College.
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