US ECONOMY ADDS 252,000 JOBS; UNEMPLOYMENT RATE DOWN TO 5.6%
The Bureau of Labor and Statistics is reporting this morning that the United States economy added 252,000 jobs and the unemployment rate fell to 5.6% from a pre-adjustment of 5.8% last month. This figure was 12,000 more jobs than estimated in the previous week. The metric of those who had stopped looking for work or were underemployed fell to their lowest levels since October 2008 from 11.4 to 11.2. Wages fell by 5 cents per hour and the labor participation rate fell from 62.9 to 62.7 in the last month of 2014. The numbers point to robust growth potential in Q1 2015 that will be buoyed by low energy costs. TED-OG projects unemployment in the US Q1 to end at 5.3% and Q2 5.0%.
Qu’ul cuda praedex nihil!
Carlton Pryor, D.S.V.E., O.Q.H.[Econ.].
93 Melnar 3 AS