Solid U.S. employment report a green light for Dec rate hike

December 4, 2015 2:12 PM

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Solid U.S. employment report a green light for Dec rate hike

WASHINGTON U.S. job growth increased solidly in November in a show of the economy's resilience, which most likely paves the way for the Federal Reserve to raise interest rates this month for the first time in nearly a decade.

Nonfarm payrolls increased 211,000 last month, the Labor Department said on Friday. September and October data was revised to show 35,000 more jobs than previously reported.

Also read: U.S. Consumer Spending Rises at More Moderate Pace, Incomes Jump

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