Reuters |
Robust US jobs report bolsters case for December rate hike
Reuters WASHINGTONU.S. job growth surged in October and the unemployment rate hit a 7-1/2-year low of 5.0 percent in a show of economic strength that makes it much more likely the Federal Reserve will raise interest rates in December. Nonfarm payrolls ... US Economy Added 271000 Jobs in October; Unemployment Rate at 5% Hiring surged in October, spurring predictions of Fed rate hike Hiring surges: Employers add 271000 jobs in Oct.; jobless rate falls to 5% |
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