To support continued progress toward maximum employment and price stability, the Committee today reaffirmed its view that the current 0 to 1/4% target range for the federal funds rate remains appropriate.
Total nonfarm payroll employment increased by 173,000 in August, and the unemployment rate edged down to 5.1%, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care and social assistance and in financial activities.
Total nonfarm payroll employment increased by 126,000 in March, and the unemployment rate was unchanged at 5.5%, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in professional and business services, health care, and retail trade, while mining lost jobs.