UNEMPLOYMENT KEEPS TRICKLING DOWNWARD TO 5.8% BUT WITH 9 MILLION NO LONGER COUNTED FOR SINCE OUT OF WORK ALSO SLIGHTLY DROPS–BUT JOBS CREATED ARE JOBS BUT WITH LOW WAGES AS THE COST OF EVERYTHING HAS RISEN UNDER THE DEMOCRAT POTUS THE LAST 6 YEARS NOT ALLOWING HOUSEHOLD FAMILIES TO BALANCE THEIR OWN BUDGET–WATCH THE FED INTEREST RATE HIKES TO BEGIN TO START INCREASING INFLATION EVEN HIGHER AS COMPANIES WILL PASS THE COST LIKE EVERYTHING ELSE TO THE LOWEST COMMON DENUMINATOR THE AMERICAN PEOPLE–CONSIDER THAT ENERGY COST IS LOWERING SO THE FEDS MUST BALANCE THE SAVINGS FROM THE AMERICAN PEOPLE WITH INCREASE IN COST SOMEWHERE ELSE

…“U.S. unemployment fell to a six-year low of 5.8% in October as companies continued to take on staff in impressive numbers. The data add to signs that the economy is enjoying another period of strong growth in the fourth quarter. However, lackluster wage growth takes some of the shine off the improvement in the employment situation, and also acts as a bar to raising interest rates," said Chris Williamson, analyst at research firm Markit.

Employment rose last month in food services and drinking establishments, retail trade, and health care, according to the Labor Department figures.

Some analysts believe the recent strong job gains and falling unemployment rate will lead to higher wages.

“Hourly wages for production and non-supervisory workers were unchanged in September, but, given a falling unemployment rate, could well begin to rise more quickly in the months ahead,” David Kelly, chief global strategist at J.P. Morgan funds, said ahead of the release of Friday’s jobs report.

Wage growth will be a key indicator to watch over the next few months as the Fed determines when and how to raise interest rates and otherwise wind down the massive stimulus policies initiated in the wake of the financial crisis……

http://www.foxbusiness.com/economy-policy/2014/11/07/us-economy-adds-214k-jobs-unemployment-rate-falls/