US Pursues Measures to Compel Russian Compliance
December 08, 2017
U.S. adds 228,000 jobs in November, signaling solid job growth; Consumer sentiment slips unexpectedly in December, falling from October highs.
- United States pursuing economic and military measures to compel Russia to comply with arms treaty. The State Department said on Friday that the U.S. is looking into economic and military options after a Russia arms treaty dispute. Friday’s statements from the State Department and the Russian Foreign Ministry marked the 30th anniversary of the signing of the Intermediate-range Nuclear Forces (INF) treaty, a landmark agreement that helped to end the Cold War. State Department spokeswoman Heather Nauert said that the measures “includes a review of military concepts and options, including options for conventional, ground-launched, intermediate-range missile systems, which would enable the United States to defend ourselves and our allies, should the Russian Federation not return to compliance.” [The Hill]
Economic Indicators & News
- U.S. adds 228,000 jobs in November, signaling solid job growth. The Labor Department released data showing that 228,000 jobs were added last month. According to Bloomberg, Wall Street economists had expected an increase of about 200,000 jobs. The unemployment rate remained unchanged from October at 4.1 percent, the lowest since 2000. Meanwhile, average earnings rose by 5 cents an hour, up 2.5 percent over the past year. The data shows that the American job market is the strongest it has been in a decade, having added jobs for 86 consecutive months, while the unemployment rate is lower than it ever got during the last economic boom. [NYTimes]
- Consumer sentiment slips unexpectedly in December, falling from October highs. The University of Michigan’s index of consumer attitudes decreased to 96.8 in December, the opposite of a rise to 99 which economists surveyed by Reuters had expected. The index hit 97.8 in November. In October, the consumer sentiment measure soared to 101.1, the highest level since 2004, and has been consistently deflating since then. Richard Curtin, chief economist for Surveys of Consumers, said in a statement that “most of the decline was concentrated in the long-term prospects for the economy.” The index measures 500 consumers’ attitudes on future economic prospects, including personal finances, inflation, unemployment, government policies and interest rates. [CNBC]