Instead of ‘only’ adding 180,000 jobs in October, the US Labor Department announced 271,000 new jobs, strengthening the assertion that the US economy is growing, and strengthening the probability that the Federal Reserve will raise interest rates in December. Unemployment is also considered to be full, at 5.0%. The caution is that the labor participation rate is stuck at the 1977 low of 62.4%. Reconciling 5% + 62.4% not equaling 100% reveals great opportunities and some rather large mysteries.
(Click on the graph for the link.)
“A Strong October Jobs Report” – The Atlantic
Pretending Not To Panic 