Unemployment Rate Drops to 5.5%
03/06/2015
The BLS released yet another positive jobs report this morning. Nonfarm payroll employment increased by 295,000 jobs in February and the unemployment rate dropped to just 5.5% - the lowest level since May 2008.
The question going forward is now: how close are we to the natural rate of unemployment? Many economists believe this is around 5.5 percent.