The October employment report was broadly positive, with strong gains for payrolls and wages alongside falling unemployment. The latest numbers–the strongest of the year–make a Federal Reserve interest rate increase in December more likely. Here are comments from economists on Friday’s report and the likely reaction from members of the central bank’s Federal Open Market Committee. “We are moving the Fed call to a December rate hike. The October payroll report was very solid and exhibited broad-based strength. It suggests that labor markets have fully rebounded after slowing in August and September.” —Rob Martin, ... (full story)