Don't Expects Jobs Date to Move Fed on Rates

Since the Fed set the 6.5 percent target, the unemployment rate has been the odd man out in terms of economic statistics. It has fallen faster than the Fed, or most private forecasters, expected. But economic growth, as measured by the gross domestic product, has lagged behind those forecasts. During the last year, as the Fed grew more optimistic about the unemployment rate, it grew less optimistic about overall economic growth.