Morning Minute: Unemployment rate hits five-year low

The jobs outlook improved in November with 203,000 new jobs added and the unemployment rate falling to 7 percent, a level not seen in five years, according to media reports. An article in the New York Times, “Jobless Rate Lowest in 5 Years, Raising Odds of a Fed Move,” speculates that the economic upturn might prompt the Federal Reserve to “begin easing its stimulus efforts sooner.”

In related headlines:

Five key numbers behind the jobs recovery – CNN

U.S. unemployment rate hits five-year low, eyes on the Fed – Reuters

Unemployment Falls to Five-Year Low – Bloomberg

 

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About Stephanie Sievers

Stephanie Sievers is Associate Editor for the Illinois Association of REALTORS®. She serves as Associate Editor for IAR publications including the Illinois REALTOR® magazine and all other IAR publications. She is responsible for developing content for the Illinois REALTOR® Weekly Connection e-newsletter, coordinates the IAR Twitter account content at ILREALTOR and plans and develops content for videos. She assists in developing and writing content for the IAR blog. She also is involved in researching and drafting news releases and coordinates the news media distribution database and newsclips reports for the Association. She also assists in IAR spokesperson training seminars and is involved in development of association briefing materials on issues. She assists with the housing statistics program and reports.