I suspect that chairwoman Janet Yellen will not raise rates today; if Aunt Jan does tap on the brakes, it will be by a quarter point, and it will be the only rate increase for the rest of the year.
Readers, any guesses as to whether or not the Fed will raise rates in a few hours?
It's been a while since I've done a broader jobs update, so this post is a good one to do that:
The national unemployment rate for August 2015 was 5.1%, and the broader U6 measurement of unemployment was at 10.3%.
The unemployment rate for college graduates aged 25 and above was 2.5%; the unemployment rate for people without a high school diploma was 7.7%.
The estimated number of workers in the chemical manufacturing subsector was 812,300 workers.
The distribution of unemployed persons by duration of unemployment was 26.5% for those unemployed less than 5 weeks, 30% between 5 and 14 weeks, 15.8% between 15 to 26 weeks and 27.7% for those unemployed more than 27 weeks. Interesting distribution there.
UPDATE: From the Fed: "To support continued progress toward maximum employment and price stability, the Committee today reaffirmed its view that the current 0 to 1/4 percent target range for the federal funds rate remains appropriate."