The jobs data released Friday strongly suggests that the Fed will cut by 25 basis points on Nov. 7 at its next meeting. … READ MORE >
U6 unemployement rate
CHART OF THE DAY: Estimating unemployment during the pandemic
Friday’s headline U3 unemployment rate of 6.7% for December is probably an undercount of the number of out-of-work people in the United States, not by design, but because of the peculiar circumstances of the pandemic. … READ MORE >