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 ...
In my universe, nearly every company I drive past on the way to work has 'Help Wanted' signs out. Granted, I don't think they pay very much and it's just outside of Detroit, but still . . . .
The TRUTH be known.. the REAL unemployment rate conservatively speaking is between 14% to 18%.
Its so obvious the “transparent” Obama administration is lying to everyone in the U.S. It wouldn’t surprise me one bit if the The Department of Labor calls ValJar each week and asks, “okay what do you want the unemployment numbers to be this week”? Not one bit at all....
Maybe that's how they're keeping the unemploymentrate so low. Importing cheap labor to take all of our jobs or bumping the population numbers up with refugees and illegal immigrants so that maybe it IS only 5 %.../s
Right. Should have mentioned that.
Where, at the State unemployment offices?
Look at the numbers and it will be pre-Christmas part-time jobs.
Adult Civilian Non-Institutional Population (age 16+ not in military, prison, or an institution): 251,541,000 (+216,000)
Employed: 149,120,000 (+320,000)
Unemployed (could start job and actively looked for work in last 4 weeks): 7,915,000 (-7,000)
Employed plus Unemployed = Labor Force: 157,028,000 (+785,000)
Labor Force / Population = 157,028,000/251,541,000 = 62.4% (no change)
Employed / Population = 149,120,000 / 251,325,000 = 59.2% (+0.4)
Unemployed / Labor Force = 7,908,000 / 157,028,000 = 5% (-.1)
Not in the Labor Force (neither working nor trying to work): 94,513,000 (-97,000)
No...the labor force participation rate is the percent of the adult civilian non-institutional population (age 16+ excluding military, those in prison or an institution) who are EITHER employed or unemployed that month.
Even if you add in every person who says they want job but hasn’t looked in over a month or couldn’t actually have started a job in October (6.1 million), that would only bring the UE rate up to 8.6% To get your 14% would be adding 16.4 million and to get to 18% would be 24.8 million.
Where on earth are you getting those numbers?
And how many were LOST during the month of October? In the week ending October 31, the advance figure for seasonally adjusted initial claims was 276,000, an increase of
16,000 from the previous week’s unrevised level of 260,000.
The 4 week moving average was 262,750...
For several million "unemployment benefits" have run out.
Do the math.. it's much, much higher than the manipulated numbers report.
No one believes this crap anymore ,not even Goose Stepping Democrats
ADP numbers are always too high, and they say 180,000. These numbers are good for the roses.
No Longer? Many of them were never in. Of the 94,228,000 not in the labor force (meaning not working or trying to work) 88,525,000 do not want a job now. We’re talking retirees, disabled, stay-home spouses, students. Here’s the breakdown: http://www.bls.gov/web/empsit/cpseea38.htm
Unemployment benefits are not used to calculate the unemployemt rate. If you’re trying to get a job, you’re unemployed.
ummm the gain of 271,000 is the net change. In September there were 142,383,000 on non-farm payrolls, and in October there were 142,654,000.
The gross figures aren’t available yet.
WHY does the Dow continue to rise while volume is down?
WHY are interests rates at 0% and the FED is considering moving to NEGATIVE rate territory?
The point you're arguing is akin to urinating INTO the wind.
Most likely.
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