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Unemployment Rate Falls Again

November 7, 2014 · 9:58 am ET · 30 Comments

The U.S. economy added 214,000 jobs last month and the unemployment rate fell to 5.8% last month, the Wall Street Journal reports. That’s the lowest level since 2008.

Washington Post: “The latest encouraging numbers keep the nation on pace for its best labor market year since 1999 and stand in noted contrast to a wave of discontent that helped Republicans sweep a round of midterm elections this week. Though wage growth has been sluggish in recent years, Americans — helped by falling oil prices — are seeing their purchasing power rise. And they are now finding jobs with reliability unseen since the Great Recession.”

Wonk Wire: But when will wages grow?

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