Unemployment Drops to 5%; Rate Hike in December Now Likely

[Clarko95 📚💰📈]

Tbh with the small bump in wages and the plethora of job openings, I will be somewhat surprised if unemployment falls below 5% soon, as I would have expected more people to enter the labor force and drive the rate up.


If it does fall below 5% next month, that might be of some interest for all you stats junkies, as the unemployment rate usually takes 2 years or more to drop below 5% from the time it dropped below the 6% mark (late 1994 - early 1997, mid 2003 to mid 2005, etc.). Late 2014 - late 2015 would be a new record.

It usually falls to the 5% - 5.6% range and bounces around in that range as growth, wages, and job creation increase, but hey I guess there's a first time for everything. 

[Clarko95 📚💰📈]

With the ISM index at 48.6? LOL! This better be 10 bps max!

Yellen low-key trying to derail the economy to help Trump (noted as the most left-wing candidate in the race, as opposed to neoliberal mass murderer Hillary), 'mirite guys?