HUFFINGTON POST: …The unemployment rate fell to 5.0 percent, the lowest level since April 2008, from 5.1 percent the prior month. The jobless rate is now at a level many Fed officials see as consistent with full employment.
Payrolls data for August and September were revised to show 12,000 more jobs created than previously reported.
With speeches from several Fed officials, including Chair Janet Yellen, suggesting a low bar for a December rate increase, economists say monthly job gains above 150,000 in October and November would be sufficient for the central bank to lift benchmark overnight borrowing costs from near zero… (more)
