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US Unemployment Rate Falls to Nine-Year Low; Banks Could Raise Interest Rates

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The rate of unemployment, which was a major issue in recent years, is getting low day by day and in November, the rate of jobless people fell to 4.6 percent, which is record lowest in last nine years.

Labor Department has released a data, showing that more than 178,000 jobs were created in November, which in total decreases the jobless rate of the country.

Experts say that the US Economy has become strong as compared to earlier, however, the wages growth is comparatively weaker.

Now most analysts think that Federal Reserve will raise rates at its next policy meeting, which it planned to be held on 13-14 December.

A month ago, the Chair of Federal Reserve System had indicated that the central bank could raise the interest rates as the US Economy was making a remarkable progress.

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