White House’s Brainard: I think this is a very encouraging jobs report

• This is the kind of economy that is capable of the soft landing people thought was impossible last year
• Sees continued improvement in productivity
• Calls wage growth ‘moderate’

I think what was important here is that CNBC quizzed her hard on the number of work permits issued to immigrants and how many people are coming into the country. I think that’s a conversation that isn’t going to go away with respect to how it’s affecting the economy.

This article was written by Adam Button at www.forexlive.com.