What We’re Doing
Economy Gains 20,000 Jobs in February; Unemployment Down to 3.8%
The U.S. economy gained 20,000 jobs in February, and the unemployment rate fell to 3.8%, according to figures released this morning by the U.S. Bureau of Labor Statistics. This is a dramatically lower level of job growth than we have seen in recent years and is good reason for the Federal Reserve's Open Market Committee to express caution in considering any interest rate hikes.
Economy Gains 213,000 Jobs in June; Unemployment Little Changed at 4.0%
The U.S. economy gained 213,000 jobs in June, and unemployment was little changed at 4.0%, according to figures released this morning by the U.S. Bureau of Labor Statistics. Since the labor market continues to recover at only a tempered pace, the Federal Reserve’s Open Market Committee should not raise interest rates.