Posted on 11/06/2015 6:24:20 AM PST by SeekAndFind
The American economy added 271,000 jobs in October, a very strong showing that makes an interest-rate increase by the Federal Reserve much more likely when policy makers meet next month.
The report on hiring and unemployment, released Friday by the Labor Department, was eagerly anticipated on Wall Street, where traders and economists have been sifting each new bit of economic data for any augury of the central bank’s course.
The unemployment rate dipped to 5.0 percent, from 5.1 in September.
At this level, the unemployment rate is close to what would normally be considered the threshold for full employment by the Fed and many private economists.
However, the so-called slack that built up in the labor market after the recession has altered traditional calculations of how far unemployment can fall before the job market tightens and the risk of inflation rises.
This week, Janet L. Yellen, the chairwoman of the Fed, told a panel on Capitol Hill that an increase in December was a “live possibility†if the economy continued to perform well.
Still, Ms. Yellen left herself and the rest of the Open Market Committee of the Fed plenty of wiggle room, emphasizing that no decision had been made on whether to raise rates for the first time in nearly a decade. Indeed, they will have an additional jobs report for November in hand by the time they gather for their last meeting of the year, on Dec. 15 and 16.
Although the initial interest rate increase would be small, most likely a quarter of a percentage point, with rates’ having sat near zero since the depths of the recession in late 2008, any increase would represent a new era for investors and borrowers here and abroad.
(Excerpt) Read more at nytimes.com ...
What’s the chocolate ration?
The Labor Department is The Ministry of Disinformation.
Is anyone believing this bullcrap anymore?
So, what the libs say in response to the evidence of lowest job participation rate is that there are much higher numbers of elderly,
and are you heartless enough to insist they go back to work in order to increase the participation rate?
It’s BS of course. Parallel evidence would be in the enrollment numbers in “disability”. People aren’t suddenly becoming disabled - they just can’t find jobs in the Obamaconomy.
I would like to know where is the GOP's counter claim? Just having us Freepers say bull is not enough. We all know these numbers are based on those still looking and not dropped out all together. I want to know real unemployment rates. The GOP, which has access to the raw data can do that and make its anti-Obama economy case accordingly. It is very frustrating.
Did I mention that I have a bridge for sale in Brooklyn?
Next up: 2 part-time jobs count twice.
This regime may well achieve a negative unemployment rate while presiding over a depression.
Or work off the books (drug sales, prostitution, day work, etc). Or former two income families are now one income families.
Government liars are cooking the books.
Note the Labor Force Participation rate = Adults with jobs.
Isn't the leftist narrative constantly that society is becoming more "liberal" because young people are displacing the older, conservative people? Now, they want to conveniently contradict that narrative, hoping we don't notice, by saying that there are more and MORE elderly non-workers? As if elderly people product their own kind. They can't logically have it both ways.
The enduring fact over the past 6 or 7 years is that college graduate unemployment is THROUGH THE ROOF. They just aren't looking.
“There are Lies, Damned Lies, and Statistics.”...........Mark Twain.....................
Oh yea, this is what full employment looks like.
Is the Fed still going negative?
Right you are in post #27.
Labor force participation was 65.7% when Barry took over, with 7.8% unemployment.
Now its 62.4% with 5% unemployment.
Emptying one side of the bath tub.
Once everybody stops looking for work, we’ll be at 100% employment/0% unemployment.
Go Obama! FUBO!
The unemployment rate keeps dropping, along with the labor participation rate. The ultimate resolution of this, in Obama’s Brave New World, will be a situation where nobody is working yet nobody is unemployed!
Christmas hires. Or rather “holiday”.
They never say how many jobs were lost. How many did this latest job report fill positions that were vacated?
A lot of people work under the table.
Every single week we hear about contractions in business:
- Target closing 13 stores
- Deutsche Bank, 35,000 layoffs
- Kraft Heinz, closing 7 factories and laying off 2,600
- JC Penney, laying off 300 in Plano corporate
- Weatherford Internation, laying off 11,000 in third quarter
- etc. etc. etc....
I guess all of these displaced workers are independently wealthy?
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