FINANCIAL TIMES: …Robust jobs growth confirms the US is shaking off weakness elsewhere in the world economy and expanding at a pace that may yet force the Fed to raise interest rates as early as next spring.
The continued decline in the unemployment rate – despite more people coming into the labour force – suggests the US is getting closer to full employment.
At 5.8 per cent, the unemployment rate is already below the Fed’s most recent forecast for the end of the year. The steady pace of decline in the jobless rate will force the Fed to consider how much spare capacity is left in the economy… (more)
