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U.S. Economy Added 271,000 Jobs in October; Unemployment Rate Down to 5.0%
New York Times ^ | 11/06/2015 | By NELSON D. SCHWARTZ

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 ...


TOPICS: Business/Economy; Culture/Society; Front Page News; Government
KEYWORDS: clowardandpiven; economy; jobs; liberallies; nyslimes; obama; thefed; unemployment
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To: SeekAndFind

What’s the chocolate ration?


21 posted on 11/06/2015 6:35:18 AM PST by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: SeekAndFind

The Labor Department is The Ministry of Disinformation.

Is anyone believing this bullcrap anymore?


22 posted on 11/06/2015 6:38:23 AM PST by july4thfreedomfoundation (Register liberals, not guns!)
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To: fwdude

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.


23 posted on 11/06/2015 6:38:41 AM PST by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: CPT Clay
5.0 I don’t believe it.

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.

24 posted on 11/06/2015 6:48:34 AM PST by Trumpinator (You are all fired!!! TRUMP! TRUMP! TRUMP! TRUMP! TRUMP!)
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To: SeekAndFind

Did I mention that I have a bridge for sale in Brooklyn?


25 posted on 11/06/2015 6:48:52 AM PST by TruthInThoughtWordAndDeed (Yahuah Yahusha)
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To: P8riot
I guess part time jobs count.

Next up: 2 part-time jobs count twice.

This regime may well achieve a negative unemployment rate while presiding over a depression.

26 posted on 11/06/2015 6:49:36 AM PST by Dr.Deth
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To: luvbach1
Explanations: Fewer people want to work than ever before, and more people have found a way to survive without working than ever before.

Or work off the books (drug sales, prostitution, day work, etc). Or former two income families are now one income families.

27 posted on 11/06/2015 6:50:28 AM PST by Trumpinator (You are all fired!!! TRUMP! TRUMP! TRUMP! TRUMP! TRUMP!)
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To: SeekAndFind

Government liars are cooking the books.

Note the Labor Force Participation rate = Adults with jobs.


28 posted on 11/06/2015 6:51:05 AM PST by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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To: MrB
The higher elderly population excuse is such obvious manure. And by the left's own words.

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.

29 posted on 11/06/2015 6:52:57 AM PST by fwdude (The last time the GOP ran an "extremist," Reagan won 44 states.)
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To: SeekAndFind

“There are Lies, Damned Lies, and Statistics.”...........Mark Twain.....................


30 posted on 11/06/2015 6:53:25 AM PST by Red Badger (READ MY LIPS: NO MORE BUSHES!...............)
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To: SeekAndFind

Oh yea, this is what full employment looks like.

Is the Fed still going negative?


31 posted on 11/06/2015 6:54:31 AM PST by SampleMan (Feral Humans are the refuse of socialism.)
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To: Trumpinator

Right you are in post #27.


32 posted on 11/06/2015 6:55:56 AM PST by luvbach1 (We are finished. It will just take a while before everyone realizes it.)
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To: MrB

33 posted on 11/06/2015 6:55:59 AM PST by Red Badger (READ MY LIPS: NO MORE BUSHES!...............)
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To: SeekAndFind

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.


34 posted on 11/06/2015 6:56:16 AM PST by lacrew
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To: SeekAndFind

Once everybody stops looking for work, we’ll be at 100% employment/0% unemployment.

Go Obama! FUBO!


35 posted on 11/06/2015 6:56:43 AM PST by hattend (Firearms and ammunition...the only growing industries under the Obama regime.)
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To: SeekAndFind

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!


36 posted on 11/06/2015 6:57:51 AM PST by TruthShallSetYouFree (If Hillary's last name were anything but Clinton, she'd already be behind bars.)
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To: P8riot

Christmas hires. Or rather “holiday”.


37 posted on 11/06/2015 7:00:06 AM PST by ilovesarah2012
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To: SeekAndFind

They never say how many jobs were lost. How many did this latest job report fill positions that were vacated?


38 posted on 11/06/2015 7:02:00 AM PST by SkyDancer ("Nobody Said I Was Perfect But Yet Here I Am")
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To: luvbach1

A lot of people work under the table.


39 posted on 11/06/2015 7:02:40 AM PST by ilovesarah2012
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To: jsanders2001

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?


40 posted on 11/06/2015 7:02:50 AM PST by fwdude (The last time the GOP ran an "extremist," Reagan won 44 states.)
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