US Unemployement Rate Down Again

Dated: 12/04/2015

Views: 1780

U.S. employment increased strongly in November in a show of the economy's resilience, which most likely paves the way for the Federal Reserve to raise interest rates this month for the first time in nearly a decade. Nonfarm payrolls rose 211,000 last month, the Labor Department said on Friday. September and October data was revised to show 35,000 more jobs than previously reported.


The unemployment rate held at a 7-1/2-year low of 5 percent, even as people returned to the labor force in a sign of confidence in the jobs market. The jobless rate is in a range many Fed officials see as consistent with full employment and has dropped seven-tenths of a percentage point this year.


"The employment report should remove the final doubts about a rate hike at the December meeting. The clear message from the labor market to the Fed is: 'Just do it!'" said Harm Bandholz, chief U.S. economist at UniCredit Research in New York.


Read more at Reutershttp://www.reuters.com/article/us-usa-economy-idUSKBN0TN0AY20151204#UUH2DayPU2tT1TfZ.99

Blog author image

Steve Lambert

Steve is a member of the National Association of Realtors, the South Carolina Association of Realtors and the Western Upstate Association of Realtor. He has been a Certified General Real Estate Appra....

Latest Blog Posts

DONT LOOK WHERE YOU DONT WANT TO GO

DON’T LOOK WHERE YOU DON’T WANT TO GO Are you familiar with the idea that we tend to attract more of what we focus on? Here’s a great story that perfectly illustrates this concept.

Read More

5 Disasters That Always Leave New Homeowners Clueless

5 Disasters That Always Leave New Homeowners CluelessLike what to do when a tree falls. Read Visit houselogic.com for more articles like this.

Read More

Fall For Greenville Music Line Up

Are you headed to Fall for Greenville this weekend? The link below will provide you the musical line up! So thankful the bad weather is behind us and everyone can enjoy this amazing event! :

Read More

12300 Indian Mound Road Ware Shoals SC

29692 - Updated Sept 2018!! - New kitchen counters and appliances! Original wood flooring reconditioned throughout the house. All rooms freshly painted! Wrap around porch with new floors and new

Read More