Aa
October U.S. Jobless Rate Falls to 5%
http://www.nbcnews.com/business/economy/october-employment-report-u-s-jobless-rate-falls-5-percent-n458541
"U.S. hiring roared back in October after two disappointing months as employers added 271,000 jobs, the most since December. The unemployment rate fell to a fresh seven-year low of 5 percent, making it more likely the Federal Reserve will hike interest rates in December.
Companies shrugged off slower overseas growth and a weak U.S manufacturing sector to add jobs across a range of industries. Big gains occurred in construction, health care and retail. Healthy consumer spending is supporting strong job gains even as factory payrolls were flat and oil and gas drillers cut jobs.
Payroll data for August and September also were revised upward to show 12,000 more jobs created than previously reported.
The gains are likely strong enough for the Federal Reserve to lift short-term interest rates at the next meeting of its Federal Open Market Committee on Dec. 15-16. The 5.0 percent unemployment rate is now at a level many Fed officials see as consistent with full employment.
"It's obviously a pretty strong number and I think that it probably certainly has the Fed thinking that it might be time to raise interest rates," said Kurt Brunner, portfolio manager with the Swarthmore Group in Philadelphia. "... Manufacturing's a bit flat and mining's not great, but there's wage growth and I think it indicates that the economic growth in the U.S., while not fantastic, is steady and we'll build on this."
Robust hiring also pushed up wages 9 cents to $25.20. That is 2.5 percent higher than 12 months ago, the largest annual gain since July 2009."
"U.S. hiring roared back in October after two disappointing months as employers added 271,000 jobs, the most since December. The unemployment rate fell to a fresh seven-year low of 5 percent, making it more likely the Federal Reserve will hike interest rates in December.
Companies shrugged off slower overseas growth and a weak U.S manufacturing sector to add jobs across a range of industries. Big gains occurred in construction, health care and retail. Healthy consumer spending is supporting strong job gains even as factory payrolls were flat and oil and gas drillers cut jobs.
Payroll data for August and September also were revised upward to show 12,000 more jobs created than previously reported.
The gains are likely strong enough for the Federal Reserve to lift short-term interest rates at the next meeting of its Federal Open Market Committee on Dec. 15-16. The 5.0 percent unemployment rate is now at a level many Fed officials see as consistent with full employment.
"It's obviously a pretty strong number and I think that it probably certainly has the Fed thinking that it might be time to raise interest rates," said Kurt Brunner, portfolio manager with the Swarthmore Group in Philadelphia. "... Manufacturing's a bit flat and mining's not great, but there's wage growth and I think it indicates that the economic growth in the U.S., while not fantastic, is steady and we'll build on this."
Robust hiring also pushed up wages 9 cents to $25.20. That is 2.5 percent higher than 12 months ago, the largest annual gain since July 2009."
If it truly is a reflection as to the American workforce, why are so many people are now collecting some type of subsidy?
It is very much a lie. How many people are not in the work force anymore because they have stopped looking for work....RECORD NUMBERS. Numbers we have not seen since the 1970's. But hey as long as the numbers that the White House puts out is all rainbows and unicorns we can live in peace.
http://fortune.com/2015/11/10/us-unemployment-rate-economy/?xid=soc_socialflow_facebook_FORTUNE
Good question.
Not a lie according to factcheck.org
http://www.factcheck.org/2015/07/obamas-numbers-july-2015-update/
Since Barack Obama first took office:
The economy has added nearly 7.9 million jobs, and the unemployment rate is now lower than the historical median.
Business establishment start-ups have increased by 20 percent, and the number of job openings is the highest in more than 14 years
http://www.factcheck.org/2015/07/obamas-numbers-july-2015-update/
Since Barack Obama first took office:
The economy has added nearly 7.9 million jobs, and the unemployment rate is now lower than the historical median.
Business establishment start-ups have increased by 20 percent, and the number of job openings is the highest in more than 14 years
You are really going to push this lie? Seriously?
"The 5.0 percent unemployment rate is now at a level many Fed officials see as consistent with full employment. "
This has always been my gut feeling about unemployment statistics. 5% represents people who could be working but aren't. If you don't take that job, somebody (with or without a green card) is going to take it. We would have a 'negative unemployment rate' if ICE visited building construction sites and fracking jobs in Texas where 50% of the workforce is undocumented.
This has always been my gut feeling about unemployment statistics. 5% represents people who could be working but aren't. If you don't take that job, somebody (with or without a green card) is going to take it. We would have a 'negative unemployment rate' if ICE visited building construction sites and fracking jobs in Texas where 50% of the workforce is undocumented.
You must join this user group in order to participate in this discussion.
You are reading content posted in the Current Events . . . Group
A list of national and international resources and hotlines to help connect you to needed health and medical services.
Herpes sores blister, then burst, scab and heal.
Herpes spreads by oral, vaginal and anal sex.
STIs are the most common cause of genital sores.
Condoms are the most effective way to prevent HIV and STDs.
PrEP is used by people with high risk to prevent HIV infection.
