November 2015 Current Events: Business News
Here are the key events in business news for the month of November 2015.
Strong Jobs Report May Lead Fed to Raise Interest Rates (Nov. 6): According to the Labor Department, the U.S. economy adds 271,000 jobs in October, more than expected by economists. The unemployment rate decreases from 5.1% in September to 5.0% in October. The strong report means that the Federal Reserve might raise interest rates by the end of the year.
Adele's 25 Shatters Sales Records (Nov. 28): According to Nielsen, Adele's third album, 25, sells an unprecedented 3.38 million copies during the first week of its release in the U.S. alone, shattering previous sales records. Before 25, 'NSYNC's 2000 album No Strings Attached held the record, selling 2.4 million during the first week of its release. Since then, no album has even sold two million during its first week. Adele's achievement, becoming the only person in history to hit three million sales in one week, is particularly impressive because it comes at a time when album sales are declining every year. Also, it comes during the era of streaming platforms. Adele's 3.38 million figure comes purely from sales. 25 is not available on streaming platforms during the first week of its release.
Adele, Nov. 2015
Source: Greg Allen/Invision/AP