"Full employment!" That's the exclamation BNP Paribas economists made after the release of February's better-than-expected jobs report. US companies added 295,000 nonfarm payrolls during the month, driven by a 288,000 surge in private payrolls. This helped the unemployment rate tumble to 5.5% -- the lowest level since May 2008 -- from 5.7% the month prior. "The current unemployment rate (5.5%) has now breached the upper bound of the FOMC's latest central tendency for the long-term unemployment r...
"Full employment!" That's the exclamation BNP Paribas economists made after the release of February's better-than-expected jobs report. US companies added 295,000 nonfarm payrolls during the month, driven by a 288,000 surge in private payrolls. This helped the unemployment rate tumble to 5.5% -- the lowest level since May 2008 -- from 5.7% the month prior. "The current unemployment rate (5.5%) has now breached the upper bound of the FOMC's latest central tendency for the long-term unemployment r...
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