Department, 178,000 jobs were created in november. The Unemployment Rate fell to 4. 6 . But thats because more americans left the work force. And wages, which had been rising, fell. So despite the labor market being described as solid, some questions still remain. But as Hampton Pearson reports, that may not deter the Federal Reserve. Reporter the november jobs report, which included the lowest Unemployment Rate in nine years, may be the last hurdle to fall as the Federal Reserve considers raising Interest Rates for the first time in a year. Leading economists say when monetary policymakers meet in two weeks, markets will be focused on what the fed says about the path of future rate hikes. Our expectation is three hikes next year. Currently theyre signalling two. I wouldnt really expect them to necessarily change that. You know, in two weeks. But i do think that ultimately were at full employment, i think. And were still adding 170, 180,000 jobs a month. The drop in the Unemployment Ra
Department, 178,000 jobs were created in november. The Unemployment Rate fell to 4. 6 . But thats because more americans left the work force. And wages, which had been rising, fell. So despite the labor market being described as solid, some questions still remain. But as Hampton Pearson reports, that may not deter the Federal Reserve. Reporter the november jobs report, which included the lowest Unemployment Rate in nine years, may be the last hurdle to fall as the Federal Reserve considers raising Interest Rates for the first time in a year. Leading economists say when monetary policymakers meet in two weeks, markets will be focused on what the fed says about the path of future rate hikes. Our expectation is three hikes next year. Currently theyre signalling two. I wouldnt really expect them to necessarily change that. You know, in two weeks. But i do think that ultimately were at full employment, i think. And were still adding 170, 180,000 jobs a month. The drop in the Unemployment Ra
Created in november. The Unemployment Rate fell to 4. 6 . But thats because more americans left the work force. And wages, which had been rising, fell. So despite the labor market being described as solid, some questions still remain. But as Hampton Pearson reports, that may not deter the Federal Reserve. Reporter the november jobs report, which included the lowest Unemployment Rate in nine years, may be the last hurdle to fall as the Federal Reserve considers raising Interest Rates for the first time in a year. Leading economists say when monetary policymakers meet in two weeks, markets will be focused on what the fed says about the path of future rate hikes. Our expectation is three hikes next year. Currently theyre signalling two. I wouldnt really expect them to necessarily change that. You know, in two weeks. But i do think that ultimately were at full employment, i think. And were still adding 170, 180,000 jobs a month. The drop in the Unemployment Rate to 4. 6 had cross currents.
The advance saw big gains today and it didnt stop there. Technology shares, which have lagged the postelection runup also rose sharply. The Dow Jones Industrial average to 19,216. Its tenth record close since the election. The nasdaq was up 53, and the s p 500 was higher by 12. The current bull market is one of the longest in history, and instead of slowing down, it seems to have been reenergized. Mike santoli takes a closer look. Reporter the current bull market in stocks is old by historical standards, but at the moment refuses to act its age. The market run that began in march 2009 is nearing its eighth bir birthday. In recent months and particularly since the election of donald trump, the sector is doing best resemble the usual leaders of a bull market just getting started. Smaller, riskier stocks surged ahead of big stable ones. Economically Sensitive Industries such as railroads, autos, motels and banks are among the biggest winners lately. And very few of the older market advanc
The advance saw big gains today and it didnt stop there. Technology shares, which have lagged the postelection runup also rose sharply. The Dow Jones Industrial average to 19,216. Its tenth record close since the election. The nasdaq was up 53, and the s p 500 was higher by 12. The current bull market is one of the longest in history, and instead of slowing down, it seems to have been reenergized. Mike santoli takes a closer look. Reporter the current bull market in stocks is old by historical standards, but at the moment refuses to act its age. The market run that began in march 2009 is nearing its eighth bir birthday. In recent months and particularly since the election of donald trump, the sector is doing best resemble the usual leaders of a bull market just getting started. Smaller, riskier stocks surged ahead of big stable ones. Economically Sensitive Industries such as railroads, autos, motels and banks are among the biggest winners lately. And very few of the older market advanc