Economists React to the October Jobs Report: ‘December Move Almost a Certainty' (The Wall Street Journal)

“The overall strength in this report should serve to enhance the chances that the Federal Reserve will begin to raise short-term interest rates at its December meeting, which was already becoming the conventional wisdom. With that said, the manufacturing sector remains challenged, as businesses continue to grapple with a strong dollar, softness in key economic markets around the world and lower commodity prices. Such headwinds have hurt demand and production, as seen in other indicators, and this report tends to echo that.” —Chad Moutray, National Association of Manufacturers

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