Unemployment Rate

unemployment rate: Many participants called the job gains meaningful, according to the minutes, according to 660 News. In response, the Fed said it plans to keep its short-term rate low well past the time the unemployment rate dropped below 6.5 per cent, as long as inflation stayed low and WASHINGTON The Federal Reserve agreed last month to modestly reduce its bond purchases because of improvements in the job market that many Fed members felt would be sustained. Still, minutes of the Dec. 18-19 meeting released Wednesday showed that some participants worried that investors might misread the move as a step toward raising the Feds key short-term interest rate. (www.immigrantscanada.com). As reported in the news.