Strong jobs report likely to lead to interest rate increase
Times:
While the unemployment rate has declined there is still room for growth because the labor participation rate, i.e. people who had quit looking for work, has not reached full employment. The tax cuts should help deal with that problem.
Booming US jobs market makes rate rise certainThe economy was so weak during most of the Obama years that the interest rate stayed at historical lows through much of the period. The increased jobs market is largely the result of Trump's deregulation effort and the promise of tax cuts. The drag on the economy caused by Obama's excessive regulations is said to be in the trillions.
Fed decision ‘100 per cent likely’ after jump in figures
While the unemployment rate has declined there is still room for growth because the labor participation rate, i.e. people who had quit looking for work, has not reached full employment. The tax cuts should help deal with that problem.
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