Second Consecutive Quarter of Solid Growth
Inflation is Still in Check

Unemployment Rate Falls to 4.1%

According to the Employment Situation Report released by the BLS this morning, unemployment for the month of October was at 4.1%, the lowest since December 2000.


The good news was accompanied by revisions in the number of payroll employees for the past two months which means that the US has had positive job gains for every month since October 2010.

On a less positive note, 765,000 people left the labor force this month which caused the labor force participation rate to dip 0.4 percentage points to 62.7%.  We will continue to monitor this measure.