Fed's Lacker notes sharp fall in jobless rate in December
RALEIGH, North Carolina
RALEIGH, North Carolina (Reuters) - The latest U.S. jobs data showed a sharp fall in the unemployment rate in December, a top Fed official said on Friday.
Richmond Federal Reserve President Jeffrey Lacker told a business group the data backed the view of substantial progress on unemployment.
He declined to answer an audience question about the 74,000 rise in nonfarm payrolls last month, the smallest increase in nearly three years, as he had not yet read the full jobs report. Lacker said he understood that there may have been special factors at play.
- Obama makes rare campaign trail appearance, people leave early
- Turkey to let Iraqi Kurds reinforce Kobani as U.S. drops arms to defenders |
- Obama makes rare campaign trail appearance, some leave early
- Nigeria declared Ebola-free, holds lessons for others |
- U.S. stocks end higher despite drag from IBM