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...
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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)
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