Economy adds a surprising 271,000 jobs; unemployment rate falls to 5%, By Don Lee, November 6, 2015, Los Angeles Times: “An unexpected surge of hiring last month accompanied by strong wage gains suggests that the U.S. labor market remains solid and increases the likelihood that the Federal Reserve will make its first interest rate hike in nearly a decade next month. The Bureau of Labor Statistics said Friday that employers across a broad spectrum of industries added a net 271,000 new jobs in October. That is far more than most analysts’ forecast of about 180,000 jobs, and a sharp acceleration from revised payroll gains of 137,000 in September and 153,000 in August…”
Poverty-related issues in the news, from the Institute for Research on Poverty