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In the United States, October 2014 had the fastest year-to-year decline in unemployment in over thirty years and the fastest job growth since 2000.

Screenshot (11)
http://research.stlouisfed.org/fred2/graph/?g=1ygT

Screenshot (10)
http://research.stlouisfed.org/fred2/graph/?g=1ygS

Considering the length of the “jobless recovery” in the United States that lasted from October 2009 until the end of the government slimdown in October 2013, this is extraordinary. Of course, as the U.S. gets closer to full employment, employment gains must necessarily slow down.

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