Econ Comments & Analysis
City Journal | Of Interest at the Fed
American employers added 585,000 jobs in November and December of 2014, according to encouraging jobs reports from the Bureau of Labor Statistics. The growth occurred across the board: 139,000 new jobs in professional and business services; 63,400 in retail; 46,000 in manufacturing; and 71,000 in food service. Even construction, which suffered worst during the recession, added 68,000 jobs, driven by new housing activity.
Blogs
Wall Street Journal | Plosser Says “More Normal” Economy Calls For Fed Reaction
The U.S. economy has improved considerably and Federal Reserve officials should raise interest rates sooner rather than later in order to get ahead of future inflation,Philadelphia Fed President Charles Plosser said Wednesday.
