US economy adds 178,000 new jobs making Fed rate hike likely
by Sam Thielman in New York from Economics | The Guardian on (#23SQQ)
Unemployment rate falls to lowest level in nine years but concerns remain over slow pace of wage growth in US economy
An interest rate rise in the US looks a near certainty after another solid month of job creation in the world's largest economy.
In a boost to Donald Trump as he prepares to move into the White House next month, government figures showed the unemployment rate dropped to a nine-year low in November and employers hired new workers at a faster pace as they banked on a rebound in economic growth.
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