Friday/ the October jobs report

The OctoberOctober YTD hiring sm jobs report for the world’s largest economy (the USA, measured by gross domestic product*) was very positive : 270,000 jobs added.  That’s a lot more than the 180,000 that had been expected.   And economists now say a December federal funds rate hike is almost a certainty.

*Another way to compare the sizes of the economy in countries is by purchasing power parity.  By this measure, the size of China’s economy is actually slightly larger than that of the USA.

largest economy 2015
The US economy puts out a little over 18 T (big T for trillion) US dollars .. followed by China and Japan. Russia, with 142 million citizens, does not make it into the top ten.

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