The Presidential Daily Brief


  1. yellen 17184928677 77a254c630 k

    US Jobs Report Drops Key Data for Fed

    They hit their target — and exceeded it. Federal Reserve Chair Janet Yellen explained Thursday before a congressional committee that the economy needs to create about 100,000 jobs per month to sustain a December rate rise. Analysts expected about 200,000 new jobs in November’s scorecard — but this morning’s report gave them 211,000. Unemployment held steady at a seven-year low, and while wage growth is still slightly slowing, these numbers may well and give the Fed the confidence it needs to move forward.

This story is part of The Presidential Daily Brief

view full edition