U.S. Employers Shaking Off Global Risks With Broader Hiring
- Breadth of American industries hiring is widest in nine months
- Stronger-than-expected payrolls probably clears way for Fed
U.S. Employers Add 211,000 Jobs in November
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American employers continued to add staff at a rapid pace in November, showing a renewed confidence in the world’s largest economy that will probably prompt the Federal Reserve to raise interest rates.
Payrolls climbed by 211,000 last month following a 298,000 gain in October that was larger than previously estimated, Labor Department figures showed Friday. The breadth of industries increasing headcounts was the widest in nine months and the jobless rate held at a seven-year low of 5 percent.