US Unemployment Dips to 5.1 Percent

Pete Prestipino
by Pete Prestipino 06 Nov, 2015
US Unemployment Dips to 5.1 Percent

Things are looking up America, but an interest rate hike may soon be on the horizon. 

 

The U.S. economy added 271,000 jobs and forcing a slight dip in the unemployment rate from 5.1 in September to 5.0 in October. 5 percent is often considered the threshold for full employment by the Federal Reserve which may finally decide to move on rates after years of uncertainty and turmoil and months of debate on the topic among economists. 

 

Average hourly earnings also bounced back, rising 0.4 percent in October after showing no increase in September; that lifted the gain to 2.5 percent over the last 12 months, the healthiest since 2009.

 

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Pete Prestipino
Pete Prestipino
Digital marketing executive with proven experience in all aspects of search engine optimization (SEO), performance-based advertising, consumer-generated/social media, email marketing, lead generation, Web design, usability, and analytics. - 20-year Internet marketing veteran, currently serving as the Digital Marketing Campaign Manager at Antenna Group (formerly Chicago Digital). - Former Editor-In-Chief of Website Magazine, and a regular speaker on Web technology digital marketing strategy - Author of several books on digital marketing Including Web 360: The Fundamentals of Web Success; Affiliate 360: The Fundamentals of Performance Marketing; Domains 360: The Fundamentals of Buying & Selling Domain Names, and SEO 360: The Fundamentals of Search Engine Optimization.