How does this chart of the Average Duration of Unemployment look to you? The beard scratchers at the Fed can’t be thrilled about their $85 billion-a-month boondoggle.
The Wall Street Journal details the ugly news:
The U.S. economy added 204,000 jobs in October, the Labor Department said on Friday, much higher than the 120,000 expected by economists. The unemployment rate rose to 7.3%.
The stronger data could heighten the prospect that the U.S. economy may be healthy enough for the Fed to soon begin withdrawing, or “tapering,” stimulus from its $85 billion-a-month bond-buying program, which had kept stock and bond prices at elevated levels. Fed officials have signaled that the timing of a pullback in stimulus hinges on the health of the U.S. economy, particularly the labor market.
Latest posts by E.J. Smith - Your Survival Guy (see all)
- Here’s How You Stop Car Thieves from Stealing Your Key Fob Signal - April 28, 2017
- Your Survival Guy: “My Car was Stolen” - April 27, 2017
- Who is the President Listening To? Part II - April 26, 2017