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Robust U.S. jobs report bolsters case for December rate hike

2015-11-06 16:30:41| Auto Dealers - Topix.net

U.S. job growth surged in October after two straight months of tepid gains, with the unemployment rate hitting a 7-1/2-year low of 5.0 percent in a show of domestic strength that makes it more likely the Federal Reserve will hike interest rates in December. Nonfarm payrolls increased 271,000 last month, the largest rise since December 2014, the Labor Department said on Friday.

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