The US economy is operating at or near full capacity as
the jobless rate fell in November to a mere 4.8 percent.
Houston's
jobless rate fell nearly a full point during the year ended in November 2017, from 5.2 percent to 4.3 percent, still higher than the U.S. average.
That positive trend continued into 2013, when in August, the county's
jobless rate fell to 6.2 %.
If I'm right (and others have made the same prediction), and
the jobless rate falls further this year, a key question is whether the Federal Reserve will accommodate or pushback on falling unemployment.
They also saw
the jobless rate falling to 3.6 per cent by the end of 2019, further below their 4.5 per cent estimate of unemployment's long - run sustainable rate.
They also saw
the jobless rate falling to 3.6 percent by the end of 2019, further below their 4.5 percent estimate of unemployment's long - run sustainable rate.
In December, officials softened the link, saying they would keep rates near zero «well past» the point when
the jobless rate falls to 6.5 %.
They also saw
the jobless rate falling to 3.6 percent by the end of 2019, further below their 4.5 percent estimate of unemployment's long - run sustainable rate.
Not exact matches
Though the rebound in growth over the past couple of years has seen unemployment across the bloc
fall, the
jobless rate remains elevated at 8.5 percent.
Some analysts believe this has helped keep wage gains stagnant even as the
jobless rate has
fallen because employers don't have to raise wages as much to retain talent when there is less employee turnover.
Over the last 12 months the
jobless rate has
fallen in 22 European countries.
Masters degrees or PhDs signal more specialized skills than a bachelor's degree, but that hardly translates to unemployment statistics, with the
jobless rate premium
falling to just 0.5 percentage points.
Powell himself conceded during congressional testimony that the
jobless rate could
fall as low as 3.5 % without generating undue inflation.
Economists doubt the
jobless rate can
fall that low again without touching off inflation, as employers are forced to offer higher pay to attract workers from a dwindling supply of unemployed.
The good news here is that the Federal Reserve has pegged its target interest
rate to the unemployment
rate, saying late last year that
rates won't rise until the share of the
jobless has
fallen to 6.5 % (it is now 7.6 %).
Also, as the
jobless rate has
fallen, wage growth has accelerated, from around 2 to 2.5 percent, on average.
The
fall in the
rate came as number of
jobless fell by 141,000 to 13.9 million.
Although the probable expiration of emergency
jobless benefits at the start of the year will likely push the unemployment
rate down through a further reduction in the participation
rate, the Federal Reserve has signaled that the unemployment
rate is likely to
fall below the 6.5 % threshold it has identified.
With a COL 12 % (88) lower than the country's normal score; a
jobless rate of 3.40; and a job growth of 0.64 %, Omaha doesn't
fall far from the top.
According to the Bureau of Labor Statistics in the Department of Labor, the
jobless rate has
fallen in about half of the states and is continuing to
fall; that's great news.
Fueling the uptick: a promising jobs market, with the unemployment
rate at a three - year low and first - time claims for
jobless benefits
falling last week to a four - year low, according to a Labor Department report Thursday.