Free Markets, Free People

Economic Statistics for 7 Nov 14

Consumer credit rose by $15.9 billion in September, $14.5 billion of which was non-revolving credit. Not that anybody cares. What people care about is…

The Employment Situation for October was mixed. A net new 214,000 jobs were created, and the unemployment rate fell -0.1% to 5.8%. Average hourly earnings rose 0.1%, while the average work week was unchanged at 34.6 hours. Overall, the number of people employed rose by 683,000, while the number of people in the labor force increased by 206,00, bringing the labor force participation rate up 0.1% to 62.8%. Using the historical average labor force participation rate, the real rate of unemployment fell by -0.3% to 10.53%.

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