Below is a graphical review of the US employment report. Overall a solid report with 248K Jobs created and revisions of 69K. Unemployment rate lower and below 5.9%. Isn’t 5.5% full employment? Underemployment rate lower. Participation lower but can it be explained away by demographics. 2014 average job gain has been 227K. In 2013 it was 194. Solid.

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The September US Employment Report

The September US Employment Report