scott146

Unemployment Rate Declines, May Raise Fed Concerns

Thanks for this information. It is definitely important to remember that the unemployment rate data comes from a survey rather than self-reporting as the other stats do as you say. So this number isn't subject to a series of revisions like the GDP number is.

In my view, the current unemployment rate is probably somewhere around on the low side of the non-accelerating inflation rate of unemployment. So the Fed is unlikely to start lowering short-term interest rates anytime soon due to the point that you make about job growth tending to lower the unemployment rate.