yeah we know...they don't pay into the pot and the government makes us pay the shortfall. To make matters worse they bring their families along with them and soak up all the welfare so there's none left for the guys who actually pay into the pot.
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 ...
None of those have anything to do with the October Employment situation.
You’re giving credit where credit isn’t due. Most ‘accounting’ by govt is off by a factor of 10x.
Cost of Medicaid/care, O’Care, ‘tax receipts’....
Not in the Labor Force (neither working nor trying to work): 94,513,000 (-97,000)
Well hell no wonder our nation is in such debt; our government can't do simple math!
yeah we know...they don't pay into the pot and the government makes us pay the shortfall. To make matters worse they bring their families along with them and soak up all the welfare so there's none left for the guys who actually pay into the pot.
That's 3 people and 3 jobs. Full employment!!
/s
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.”
Because we are in the midst of one of the worst recoveries in several decades.
What are you talking about?
Employed (total employment from the household survey, not just the headline non-farm payroll jobs) went up 320,000
Unemployment went down 7,000
Not in the Labor Force went down 97,000
320,000-7,000-97,000 = +216,000...the amount the population went up.
Well hell no wonder they’ve been importing illegal immigrants and refugees like crazy lately. Its been to keep the unemployment rate down the whole time. How could I have been so stupid?.../s
I have news for you.
If it were a recovery things would be getting BETTER.
Over the last 7 years they have been slipping further and further into the $hitter. I'd hardly call that a recovery.
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