is the output gap. The latter can be approximated using Okun’s law, Yt = -2 (Ut – U*), where U is the unemployment rate and U* is the natural rate of unemployment.” Ultimately, the popularity of the equilibrium real interest rate amongst central bankers
May 20 (Reuters) - Michigan's seasonally adjusted unemployment rate fell to 5.4 percent in April, matching the national jobless rate for the first time since September 2000, Governor Rick Snyder said...
energy, fell 15,000, but it was offset by strength in construction, which saw growth of 45,000 jobs. The unemployment rate fell to 5.4%, from 5.5% in March. The week’s increase in jobs represents a solid rate of growth following
SAN FRANCISCO (Reuters) - Americans are becoming more apt to quit their jobs, a government report showed on Tuesday, a sign that a stronger labor market and falling unemployment rate could result in healthier wage growth and inflation.
was up 0.6% (7.2% annualized) for food and hotel workers. Unemployment Falls for All the Right Reasons The unemployment rate continued to trend down, ending April at 5.4%, down from 5.5% a month ago and 6.2% a year ago. This is
WASHINGTON (Reuters) - U.S. job growth rebounded last month and the unemployment rate dropped to a near seven-year low of 5.4 percent, suggesting underlying strength in the economy at the start of the second
May 8 (Reuters) - U.S. short-term interest-rate futures contracts rose sharply Friday after a U.S. government report showed the unemployment rate fell to near a seven-year low in April, but March job...
Although commodity prices have caused job loses in the oil and gas sector of Oklahoma's economy, the state's 4% unemployment rate remains one of the lowest in the nation. Recently unemployed oil and gas workers appear to be quickly finding jobs
COLUMBUS, Ind. (Reuters) - With U.S. inflation uncomfortably low and the unemployment rate still too high, the Federal Reserve should hold off on raising short-term interest rates until early next year, a top Fed policymaker said on Monday.
announcements, consumer credit on Thursday; wholesale inventories, jobs report +212,500 to +250,000 and unemployment rate 5.4% on Friday. Closed: Russia, Japan [ actually, M-W ] closed on Monday; [ unclear if UK is open/closed