Bloomberg headlines... http://www.bloombergview.com/articles/2015-11-06/federal-reserve-gets-green-light-from-october-jobs-report]Mohamed A. El-Erian suggests a rate raise isn't so clearly signaled.[/url] The labor participation rate has failed to signal robustness, and turmoil in the foreign economies could influence a December decision. And the November employee report is yet to come.
The BBcode has a mind of its own. The second link above is http://www.bloombergview.com/articl...rve-gets-green-light-from-october-jobs-report.
I'm sure they'll keep trying to kick the can as far as they can for one reason or another, so as to try to facilitate a more likely 3rd consecutive Dem presidential term.
It was a pretty big number, but it followed two weak numbers. I just don´t see much else that forces a move, I think they will wait til 1Q16 to make the move. But at this point it really doesn´t matter, everyone is half expecting it, but half not expecting it so it is already accounted for. I don´t think either decision would surprise anyone that much. Fed moves only rattle the market when they are seen as unexpected.
Per an article by CNBC, many economists prefer the BLS' U-6 measure of unemployment as it captures people working part time who would prefer to work full-time. That number sits at 9.8%, down 0.2% from October (http://www.cnbc.com/2015/11/06/chart-whats-the-real-unemployment-rate.html). The article has 10-year graphs. The next BLS Employment Situation report will be released on December 4 at 8:30 am EST (http://www.bls.gov/schedule/news_release/2015_sched.htm). The next FOMC meeting will be December 15 and 16 (http://www.federalreserve.gov/whatsnext.htm).