Nonfarm payrolls in the United States had another strong showing in November, rising by 211k and beating estimates of 200k. In further support of today’s solid rise, last month’s robust increase was revised up from 271k to 298k. The strong readings clear the way for the Federal Reserve to proceed with its first rate rise since June 2006. The unemployment rate remained unchanged at 5% in November, while the labor force participation rate improved slightly to 62.5% from 62.4% in [..]
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