Solid US job growth paves way for Federal Reserve rate hike
Figures reveal nonfarm payrolls increased by 211,000 last month
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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