Unemployment isn’t always the best measure

Unemployment isn’t always the best measure

Friday, December 11, 2015

After yet another month of job growth and unemployment holding steady at 5%, Federal Reserve officials likely have the confidence to raise their interest-rate target according to The Wall Street Journal.  “We know that zero rates are no longer required for this economy,” says Joseph Carson, director of global economic research at AllianceBernstein.  After a seven-year run of near zero rates and adding nearly 12 million jobs since the end of the recession in mid-2009, the job market seems to have almost totally recovered.  Unfortunately, while the unemployment rate holds steady, there is a finding of an uptick in those searching for jobs.  For Americans with part-time jobs or “marginally attached”, unemployment numbers rose slightly to 9.9%.

For more information on the economy and workforce in our area, visit GulfCoastIndicators.org/Economy-and-Workforce