US unemployment at pre-GFC rate

02 December 2016

 

The US unemployment rate is back to pre-GFC levels after the US created another 178,000 jobs and the participation rate fell. According to the US Bureau of Labor Statistics, the US unemployment rate fell from 4.9% to 4.6% as the number of jobs created in November was broadly in line with market expectations of 180,000, while the participation rate fell to 62.7%. US 10 year bond yields fell on the day...

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