cincinnati

U.S. jobless rate falls to nine-year low, payrolls rise

By Lucia Mutikani WASHINGTON (Reuters) – The U.S. unemployment rate fell to a nine-year low of 4.6 percent in November, as employers added another 178,000 jobs, making it almost certain that the Federal Reserve will raise interest rates later this month. The unemployment rate hit its lowest level since August 2007 because more people found work but also because the labor force shrank as more people retired, lowering the number of working-age people in the labor force to 62.7 percent. Economists had forecast payrolls rising by 175,000 last month and the unemployment …

The rest is here: 
U.S. jobless rate falls to nine-year low, payrolls rise

cincinnati

Trump’s dilemma: slower job growth or rising rates and inflation?

A drop in the U.S. unemployment rate last month to a 9-year low signals the risk of a collision between President-elect Donald Trump's plans to goose the economy and the Federal Reserve's efforts to…

Read more from the original source:
Trump’s dilemma: slower job growth or rising rates and inflation?