A blowout jobs report Friday suggests the labor market is thriving, bucking fears that a recession was ahead. And the port strike — feared to cause widespread economic damage — is over.

I’ll concede that any of this supposedly good economic news is actually good economic news when it significantly impacts the poor and middle class, most of whom are working multiple jobs to survive. Until that day, any ‘good economic news’ is really just good news for the rich and people able to comfortable invest.