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U.S. Jobless Rate Lowest in 5 Years

December 6, 2013

    OFFICIAL U.S. UNEMPLOYMENT RATE: 7.0%

    U.S. Jobless Rate Lowest in 5 Years, Raising Odds of a Fed Move

    U.S. payrolls rose by 203,000 in November, and the unemployment rate fell to its lowest level in five years – signs of growth that could prompt the Fed to begin easing its easy-money policies.

    – In November, the jobless rate dropped to 7 percent.

    – A year ago the Fed said that it would keep interest rates at their near-zero floor as long as the unemployment rate remained above 6.5 percent.

    – Meanwhile the U.S. labor force participation rate remains near a 35 year low.

    – With 91.3 million Americans not in the workforce, the “real” U.S. unemployment rate is much closer to 11.5%.

    Read More @ BusinessWeek


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    Inside this Issue



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    “World News Headlines That We Are Tracking”

    Nigerian Man Who Survived Three Days at Bottom of Atlantic Ocean Credits God for Survival

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    Nelson Mandela: 1918-2013

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    Broadcast Every Saturday Morning – Hosted by Jerry Robinson

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    “A Daily Dose of Financial Wisdom from God’s Word”

    “For the Scripture says, ‘Do not muzzle the ox while it is treading out the grain’ and ‘The worker deserves his wages.'”
    1 Timothy 5:18


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