US employers added more jobs than forecast and wages surged by the most in nearly a year, pointing to enduring inflation pressures that boost chances of higher interest rates from the Federal Reserve.
Nonfarm payrolls increased 263,000 in November after an upwardly revised 284,000 gain in October, a Labor Department report showed Friday. The unemployment rate held at 3.7% as participation eased. Average hourly earnings rose twice as much as forecast after an upward revision to the prior month.
The median estimates in a Bloomberg survey of economists called for a 200,000 advance in payrolls and for the unemployment ...
Read Full Story: https://news.google.com/__i/rss/rd/articles/CBMiamh0dHBzOi8vbmV3cy5ibG9vbWJlc...
WASHINGTON, April 23 (Reuters) – President Donald Trump’s years-long campaign to undermine faith in U.S. elections has gained broad traction with the American public, a Reuters/Ipsos poll shows, p...