unemployment

U.S. Labor Market Resoundingly Consistent; November Hiring Maintains Trend of Broad, Steady Growth

U.S. Labor Market Resoundingly Consistent; November Hiring Maintains Trend of Broad, Steady Growth

The pace of hiring in November serves up the latest evidence that U.S. payrolls continue to expand at a steady pace and measures of labor market slack are also tightening. With the U.S. economy on track to add 2.2 million jobs during 2016, the path for the Federal Reserve to raise its benchmark short-term lending rate later this month appears to be clear. A more aggressive pace of rate increases could ensue in 2017 as