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If economy is great why is fed going to drop rate?
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real-human



Joined: 02 Jul 2011
Posts: 12595
Location: on earth

PostPosted: Sun Nov 10, 2019 10:42 pm    Post subject: Reply with quote

https://news.yahoo.com/unemployment-rate-for-college-graduates-184228832.html

The unemployment rate for recent college graduates is getting even worse
Quote:
The unemployment rate for recent college graduates is getting even worse

New data from the New York Fed highlights how the job situation for recent graduates is worsening.

While the rest of the labor market trends favorably, fresh graduates are more likely to be unemployed than the base U.S. working population. That has not happened before in the New York Fed data going back to 1990.

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vientomas



Joined: 25 Apr 2000
Posts: 2081

PostPosted: Wed Nov 13, 2019 10:47 pm    Post subject: Reply with quote

Americans now have a record $14 trillion in debt.

US households are now sitting on a record $14 trillion in mortgages, credit cards, student loans and other forms of debt.

Household debt ticked up 0.7% during the third quarter, the New York Federal Reserve said on Wednesday, continuing a five-year climb encouraged by low unemployment, strong consumer confidence and cheap borrowing costs.
Consumer debt is now about $1.3 trillion higher than the previous peak set in 2008, although these figures are not adjusted for inflation nor the larger size of today's economy. Household debt has climbed about 25% from the post-recession low of $12.7 trillion.

All of that borrowing, particularly credit cards and mortgages, support consumer spending -- the biggest part of the US modern economy. But that debt will also become harder to repay during the next recession when unemployment rises.

https://www.cnn.com/2019/11/13/business/household-debt-student-loans-fed/index.html
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real-human



Joined: 02 Jul 2011
Posts: 12595
Location: on earth

PostPosted: Fri Nov 15, 2019 9:09 pm    Post subject: Reply with quote

even with a trillion dollar deficit added by trumps tax givaway unemployment is now increasing

https://tradingeconomics.com/united-states/unemployment-rate

T
Quote:
he US unemployment rate increased to 3.6 percent in October 2019 from 3.5 percent in the previous month and in line with market expectations. Over the month, the number of unemployed persons increased by 86,000. The labor force participation rate edged up to 63.3 percent from 63.2 percent in September. Unemployment Rate in the United States averaged 5.74 percent from 1948 until 2019, reaching an all time high of 10.80 percent in November of 1982 and a record low of 2.50 percent in May of 1953

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