Solid US job growth paves way for Federal Reserve rate hike

Figures reveal nonfarm payrolls increased by 211,000 last month

4th December, 2015
Rise on the way? Janet Yellen Pic: Getty

US job growth increased solidly in November, paving the way for the Federal Reserve to raise interest rates for the first time in a decade.

America's Labour Department revealed nonfarm payrolls increased 211,000 last month, while September and October data was revised to show 35,000 more jobs than previously reported.

The unemployment rate held at a 7-1/2-year low of 5 per cent - a range many Fed officials see as consistent with full employment and has dropped...

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