Last month, Fed Chair Jerome Powell calculated the unemployment rate at 10%. A reader wants to know how Powell made that determination. Official and Alternate Rates The official unemployment rate as calculated by the BLS is 6.3%. On February 10, I commented Powell Says the True Unemployment Rate is

Good morning traders! This is the official account to find out all the breaking news that may/may not affect your trading decision such as economy policies, political moves, global agendas and more. BUT first, to start off your day with a bang, here's a recap of the important news we think you shoul

Good morning traders! This is the official account to find out all the breaking news that may/may not affect your trading decision such as economy policies, political moves, global agendas and more. BUT first, to start off your day with a bang, here's a recap of the important news we think you shoul

(Reuters) - U.S. stock index futures rose slightly on Wednesday as investors appeared to have shrugged off President Donald Trump’s threat to not sign a COVID-19 stimulus bill, while also waiting for reading on weekly jobless claims and consumer spending data. In a video posted on Twitter, Trump sai

Photo: Reuters WASHINGTON (Reuters) - The U.S. government posted a $145 billion budget deficit for November, down from $209 billion a year ago, the Treasury Department said on Thursday, but the decline was largely due to calendar shifts of federal benefit payments. Without these adjustments, Treasur

Photo: Reuters Investing.com -- Renewed hopes for economic stimulus and the beginning of the vaccine rollout are set to be the main focus for financial markets in the week ahead. Pressure is mounting in Washington to help people and businesses hit hard by the pandemic, with the economy suffering its

Summary Previous month's data was 638,000 The unemployment rate of 6.7% versus 6.8% expected The previous unemployment rate was 6.9% Participation rate 61.5% versus 61.7% expected Previous participation rate - 61.7% If participation would have held steady, the unemployment rate would have risen 0.1