U.S. November employment report seen cementing rate hike
From reuters.com
U.S. job growth likely remained solid in November in a show of the economy's resilience, which could pave the way for the Federal Reserve to raise interest rates this month for the first time in nearly a decade. A Reuters survey of economists forecast nonfarm payrolls rising 200,000, adding to the 271,000 jobs created in October. The unemployment rate is expected to hold at a 7-1/2-year low of 5 percent. It is in a range many Fed officials see as consistent with full employment and has dropped seven-tenths of a percentage point this year. "The employment report will give the Fed confidence to begin raising rates in ...
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