U.S. Economy Added 271,000 Jobs in October; Unemployment Rate at 5%
Today, the U.S. jobs report came out showing that 271,000 jobs were added during the month of October. This recent report shows a strong indication that the U.S. could expect a rate hike from the Federal Reserve as soon as December. Hourly earnings in the U.S. also increased by 0.4% last month. Unemployment in October fell to 5% from 5.1% in September. The current unemployment level is very close to what economists consider full employment in the country.
See "U.S. Economy Added 271,000 Jobs in October; Unemployment Rate at 5%", Nelson D. Schwartz, November 6, 2015