Page 11 - Fed May News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Alison, thanks so much. with me now chief business correspondent christine romans. romans, the jobs report this morning has some very good numbers, namely august, 173,000 jobs added, maybe not as much as expected but there's a lot else that people are happy about. >> and these were revised higher. these were strong months of job creation. 262, 245, 245. that's some strong jobs growth. so far this year the jobs growth not quite as robust as last year. last year was one of the best years in a long, long time for jobs growth, but this is enough to say the american labor market has healed and is c...

Is going to do in two weeks. this report doesn't really change any of the factors on the ground, but markets i think are going to be incredibly, incredibly volatile with a lot of turmoil until we find out what the federal reserve is going to do, and that is the move that matters to everybody. when the fed raises interest rates finally. that's the number, that's the move that everyone will feel. >> and the marketing will be sort of on edge until we know for sure what happens there. christine romans, great to have you here. alison, thanks so much. we have history in rowan county, kentucky, as ...

Wall street being spooked that a good jobs report means the fed may go ahead in two weeks and raise interest rates for the first time in almost a decade and there's a big question hanging over, is the economy really ready for it? has the economy really turned a corner in a big way to warrant the fed raising rates in about two weeks? because you look at what's going on in the rest of the world. you look at china, introducing stimulus measures into its financial system. japan, even sweden. and who can forget the european union going ahead and introducing the stimulus measures into their financia...

Want to be working full time. >> and the sectors in terms of where the jobs are, also positive news for the economy. >> if you have a college degree or you have a specific skill in demand right now, the labor market is the best it's been in years. that unemployment rate is the best it's been since 2008. some of the sectors are higher paying jobs. when i look at the wide range, i see a shift that's happened over the past six or eight months where the beginning of the recovery, it was low wage jobs, jobs that did not require a college degree that were replacing jobs lost in the recession that we...

That. in other words, people are shifting their expenditures away from gods. and more services, which is the pattern you expect to see as income continues to rise. >> liz ann, the big question here in the u.s. now is what will the federal reserve do about raising interest rates? and i've got to say, officials, whether it's in the various, areas of the fed or whether it's here in washington, have been all over the map on that subject. one, are they talking too much? and two, what do you expect the fed to do? will they raise interest rates come mid-september? >> because the voting body is called...