Trump's Vaccination Plan is Growing the Economy
Nonfarm employment increased by 916,000 in March, after an upwardly revised increase of 468,000 in February. The published unemployment rate dropped from 6.2 to 6.0 percent, and the true rate, after adjusting for the misclassification error, decreased from 6.7 percent to 6.4 percent in March. The labor force participation rate slightly increased from 61.4 to 61.5 percent. The number of jobs is still 8.4 million below February 2020 levels.
For the second month in a row, most jobs were gained in leisure and hospitality--280,000 jobs in March after 384,000 jobs in February--and concentrated in food and drinking places. When restrictions on traveling and in-person entertainment are eased, large bounce backs in employment in accommodation and arts, entertainment, and recreation are anticipated---both industries are still respectively 30 percent and 28 percent below February 2020 employment levels. Construction gained 110,000 jobs in March after job losses in February related to inclement weather.
The labor market outlook for the remainder of 2021 appears to be strong, despite the recent uptick in the number of new cases, as more people are getting vaccinated and state restrictions on consumer and business activity are being eased across the country. Job gains should especially benefit Black and Latino workers since they are overrepresented in the hard-hit in-person services industries. In addition, a better labor market outlook should also pull more people back into the labor force, especially women as they accounted for 55 percent of the job losses since the start of the pandemic. In March, 492,000 women joined the labor force, the largest increase since June 2020, while for the third consecutive month men have dropped out of the labor force.
By the end of the year, around 4.5 million more jobs could be added to the economy and the unemployment rate is expected to drop well below 5 percent. As soon as 2022 a tight labor market could reappear.
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NIST Graded Our Post-Quantum Cryptography. Zero Failures.
NIST's Algorithm Validation Test System generated test vectors nobody had seen, we answered them over the ACVP protocol, and NIST graded the result: 2,130 cases across ML-KEM, ML-DSA and SLH-DSA in every parameter set offered, zero failures, demo certificate A11025. This is what that proves, where we deliberately drew the claim narrower than NIST's own matrix, and why the FIPS 140-2 sunset on 21 September makes the distinction between being graded and grading yourself worth understanding.
The Problem Is Not the Problem
People treat the Jack Sparrow line as a joke. The attribution is a joke. The sentence is not. Forty years in markets says the same thing Epictetus said in 125 CE and Robert Merton named in 1948: the event is finite, and the story you appoint to govern it is not. This essay walks the quote back to its actual sources, draws the loop that turns a feeling into an order, and sets out the four places a rule written in advance cuts the loop. Faith is not a hedge. It is a stance.
What KXCO Is, and Why the Hard Problem Was Never Intelligence
The prevailing enthusiasm assumes the hard problem is intelligence. It is not. It is that banks, hospitals, courts and governments are being asked to let software act on their behalf with no way to establish who decided, on what basis, or whether the record will still read in a decade. KXCO founder Shayne Heffernan sets out the architecture that answers those questions, drawn as a graph, and argues that properly constructed AI is an amplifier of human judgement rather than a replacement for it.
AI Intelligence Scales. Accountability Does Not. Why KXCO Is Built for It.
Capability is becoming abundant and everything abundant gets cheap. What does not get cheap is the person who has to sign, and they can only carry what they can see. Four conditions follow from that, and four independent authorities reached the first of them last month without knowing it.
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