Though the September employment report stunned to the upside, the general stance of the US labor market stays weak, one thing that was underscored by the third consecutive enhance within the fee of unemployment, from 4.1% in June to 4.4% in September. However the issue with this information level is that we are going to by no means know the speed of unemployment for the month of October; and, though we’ll get delayed data on the speed of unemployment for November, that information goes to come back in after the Federal Reserve Federal Open Market Committee (FOMC) assembly ends, which won’t be useful for the Fed’s rate of interest … (full story)
