The U.S. economy looks healthy again and that’s largely in part to 12 million jobs that have been added to the workforce since the recession ended in June 2009.
Unemployment has fallen from a peak of 10% down to 5%, and even wages are finally starting to go up.
Hiring through November remained strong, but investors are still keeping a close eye on the Federal Reserve. Interest rates are at historic lows near 0%, a rate they hit in December 2008.
The job market’s strength, especially in the face of a global economic slowdown, is why the Federal Reserve will likely raise interest rates on December 16. It would be the Fed’s first rate increase in nearly a decade.
Wall Street now predicts nearly an 80% chance of a rate hike.
Here’s are five graphs that succinctly explain several economic indict
1. Millions of jobs added since the recession
2. Unemployment is down dramatically since 2009
3. Weak inflation is not helping the Fed
4. Jobless claims are down by half since the peak
5. Wage growth finally showing signs of life