US rate rise plausible as jobs data satisfies Market and Economic Commentary and Opinion The bond market welcomed the US jobs data released last week which...

US rate rise plausible as jobs data satisfies Market and Economic Commentary and Opinion The bond market welcomed the US jobs data released last week which showed a gain of 214,000 non-farm payrolls for October. A surge of 638,000 in the alternative household survey measure of employment also helped push the unemployment rate down to 5.8% in October. This is very close to the US Federal Reserve's long-run equilibrium rate of between 5.2% and 5.5% and closer still to the Congressional Budget Office's prevailing natural level of unemployment of 5.7%. Watch the video blog (VIEW LINK)