CHICAGO, Dec 6- With inflation as low as it is, Chicago Fed President Charles Evans told reporters Friday that he "can't imagine" raising the fed funds rate even when unemployment falls to 6.25 percent, below the threshold the Fed has set for considering a rate hike. The fed funds rate is the rate that banks lend cash to each other overnight.» Read More
Discussing how the jobs report influenced the big market day, with Abigail Doolittle, Peak Theories; Rich Peterson, S&P Capital IQ; Robert Luna, Sure Vest Capital Management; Kenny Polcari, O'Neil Securities; and CNBC's Rick Santelli.
Discussing fast-food workers' push for a $15 minimum wage, and the burden to small businesses, with William Rodgers, Rutgers University public policy professor, and Republican strategist Joe Watkins.
Digging into today's jobs data with William Rodgers, Rutgers University public policy professor, and Republican strategist Joe Watkins.
NEW YORK, Dec 6- The dollar rallied against the yen on Friday after stronger-than-expected U.S. jobs data raised chances the Federal Reserve may start paring its bond buying program sooner than expected. U.S. employers added 203,000 new jobs in November, exceeding expectations, and the jobless rate fell to a five-year low of 7.0 percent, the Labor Department said.
CNBC's Bob Pisani looks at what's moving in the markets, including interest rate-sensitive stocks and what retailers continue their ugly week.
NEW YORK, Dec 6- Oil rose on Friday, supported by expectations of increased demand after the government reported the jobless rate fell to a five-year low in the United States, the world's top oil consumer, adding to a week's worth of strong economic data.
Despite a five-year low in the unemployment rate, the long-term jobless haven't found relief, White House economist Jason Furman tells CNBC.
Jose Wynne, head of foreign exchange research at Barclays, says that Friday's jobs number is not strong enough to trigger an early start to Federal Reserve tapering.
Jack Ablin, BMO Private Bank executive VP & CIO, and David Kelly, JPMorgan Funds chief global strategist, discuss when the Fed will likely taper. "We are going move away from taper and put an emphasis on forward guidance," says Ablin.
Jan Hatzius, Goldman Sachs chief economist, comments on the jobs report , when he expects tapering and discusses his healthy economic outlook for 2014.
U.S. consumer sentiment surged in December as Americans' outlook on the economy and job prospects improved, a survey released on Friday showed.
*Severe weather cuts oil production in Europe, U.S. LONDON, Dec 6- Brent crude rose above $111 a barrel on Friday after data showed the jobless rate at a five-year low in top oil consumer the United States. Brent was up 42 cents at $111.40 a barrel at 1433 GMT, while U.S. crude was up 7 cents at $97.45 a barrel.
CNBC's Jim Cramer and Carl Quintanilla discuss the jobs report and if the positive numbers will cause the Fed to scale back its bond purchasing program.
CNBC's Rick Santelli reports on the market's reaction to the better-than-expected jobs numbers.
WASHINGTON, Dec 6- U.S. employers hired more workers than expected in November and the jobless rate fell to a five-year low of 7.0 percent, which could fan speculation the Federal Reserve could start reducing its bond purchases this month. Nonfarm payrolls increased by 203,000 new jobs last month, the Labor Department said on Friday.
Dennis Gartman, founder of the The Gartman Letter, refutes the claim that many Americans are living on the bread line.
Glenn Hutchins, Silver Lake Partners co-founder, discusses the creation of the Hutchins Center on Fiscal and Monetary Policy. "We want to be the go-to place for authoritative thinking," Hutchins says.
Discussing the budget deal, with Rep. John Yarmuth, (D-KY), and Rep. Diane Black, (R-TN). "This has been between Sen. Patty Murray and Rep. Paul Ryan; our Democratic conferees haven't been part of the discussion," says Yarmuth.
The U.S. economy grew faster than initially estimated in the third quarter, while jobless claims fell unexpectedly.
The number of planned layoffs at U.S. firms dipped by less than 1 percent in November, with retail seeing the greatest number of job losses.