The Unemployment Rate dropped to 5.1%, largely on the number of people who have been unemployed for so long that they are no longer counted as part of the workforce. Hence the record low 'Labor Participation Rate.'

The Fed is running on its own clock now, and wants to raise rates badly for policy reasons. Stan Lacker alluded to as much today.

And I suspect that unless the wheels fall off the stock markets in the next couple of weeks that is exactly what they will do.

Have a pleasant and long Labor Day weekend.

By Jesse

http://jessescrossroadscafe.blogspot.com

Welcome to Jesse's Café Américain - These are personal observations about the economy and the markets. In providing information, we hope this allows you to make your own decisions in an informed manner, even if it is from learning by our mistakes, which are many.

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

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