Yellen'S Attention To Employment Indicators Will Be Greatly Improved.
Officials including Federal Reserve Chairman Yellen have been struggling to revive the job market, leaving some Americans unable to find jobs.
In October, the non farm report released a very good signal that the American citizenship was improved.
Wages will continue to rise in October as jobs remain idle.
All these are crucial evidence for Fed officials wishing to raise interest rates next month.
Economists first concerned about the U-3 unemployment rate fell to 5%, the lowest level since April 2008.
At the same time, it includes all unemployed people, negative unemployed labor and the cause of
Economic weakness
The broad employment index, the so-called U-6, fell by 0.2% to 9.8%, the first time since May 2008, the first time it has fallen below 10% since the first time.
The gap between the two indicators has narrowed to the lowest level in more than seven years, a sign that the idling of the labour market is decreasing rapidly as the positive effects of economic recovery gradually spread.
With these two indicators narrowing, "compared to two or three years ago, the overall unemployment rate can now better show the weakness of the labour market," said Michael Shaoul, chief executive officer of Marketfield asset management in New York.
After a significant decline in September, last month
The labor
The scale climbed to 313 thousand, the labor force participation rate was stable at 62.4%, and the employment market improved significantly.
From October
Unemployment
The number of people turning to the labour market has decreased by 137 thousand, the largest decline since January, while the number of people entering the labour market has increased by 29 thousand.
These two data indicate that people feel more confident about their job prospects.
Yellen has clearly pointed out that the number of workers who want to work part-time jobs in full-time jobs remains high, indicating that the labour market is still weak.
In October, the figure shrank again, the largest monthly decline since 1994.
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