The Latest Job Report
This past Friday, the latest job report was released giving us further insight into the state of the economy and potential changes coming up.
November job creation increased by 211,000 jobs thereby showing clear signs of improvement as there have been consecutive months of stable improvement. The rate of unemployment remained relatively unchanged at 5%. However, year over year, the unemployment rate is trending down.
What does this mean? It means the government has evidence the economy is stabilizing. So with the Federal Reserve meeting this week, we could very well see the rate hike in the month of December.