U.S. Creates 214,000 Jobs In October; Unemployment Rate Falls To 5.8 Percent

November 9, 2014

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The U.S. economy added 214,000 jobs in October, as the unemployment rate fell to 5.8 percent, the Bureau of Labor Statistics reported Friday.

Three days after voters registered their sourness about the U.S. economy, the government said Friday that employers added a solid 214,000 jobs in October, extending the healthiest pace of hiring in eight years.

The Labor Department also said a combined 31,000 more jobs were added in August and September than it had previously estimated. Employers have now added at least 200,000 jobs for nine straight months — the longest such stretch since 1995.

Click link below for story and video:

http://www.huffingtonpost.com/2014/11/07/october-jobs-report-unemployment-rate_n_6117098.html

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Fed Sticks to Stimulus, Worried About Growth Soft Spots

September 21, 2013

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The U.S. Federal Reserve said Wednesday that it would continue buying bonds at an $85 billion monthly pace for now, expressing concerns that a sharp rise in borrowing costs in recent months could weigh on the economy.

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The decision surprised financial markets that were braced for a reduction in the central bank’s economic stimulus.

Citing strains in the economy from tight fiscal policy and higher mortgage rates, the Fed decided against a tapering of asset purchases that investors had all but priced into stock and bond markets.

“The tightening of financial conditions observed in recent months, if sustained, could slow the pace of improvement in the economy and labor market,” the U.S. central bank said in a statement explaining its decision.

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http://www.dailyfinance.com/2013/09/18/fed-sticks-to-stimulus-worried-about-growth-soft-spots/?icid=maing-grid7|myaol|dl2|sec1_lnk3%26pLid%3D377330

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No, Making Banks Hold More Capital Is Not Going To Wreck Lending Or The Economy

July 14, 2013

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Uh-oh, everybody: Bankers are warning that the U.S. economy could be in deep trouble. Not because bankers wrecked it again, like that last time, but because we are being mean to bankers.

Fortunately, these bankers are probably wrong.

Like they do, bank flaks have rushed to warn that the higher bank capital requirements proposed on Tuesday by the Federal Reserve, Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation will slow down lending and economic growth, make U.S. banks less competitive against European competitors and be cruel to puppies and kittens.

The first quote in Wednesday’s Wall Street Journal story (subscription only) about the new capital rules, in fact, is just such a warning from a banking representative:

“Ever-higher capital requirements, while a critically important element of safety and soundness, can become prohibitive and actually lead to reduced capability to lend,” Rob Nichols, president of the Financial Services Forum, a lobbying group for the Too Big To Fail set, tells the WSJ.

banks capital lending

Jamie Dimon and other bankers complain that tougher regulations and higher capital rules will kill the economy. Fortunately, they’re wrong. Chris Ratcliffe/Bloomberg via Getty Images

.Click link below for story and video:

http://www.huffingtonpost.com/2013/07/10/banks-capital-lending_n_3573704.html?ncid=edlinkusaolp00000003

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James' World 2

U.S. Creates 214,000 Jobs In October; Unemployment Rate Falls To 5.8 Percent

Huffpost Business

Fed Sticks to Stimulus, Worried About Growth Soft Spots

No, Making Banks Hold More Capital Is Not Going To Wreck Lending Or The Economy

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