WASHINGTON: US employers added more jobs than forecast in November and wages surged by the most in nearly a year, pointing to enduring inflationary pressures that boost chances of higher interest rates from the Federal Reserve.
The report released on Friday morning troubled investors, who had come to believe that the US central bank was ready to ease the pace of rate hikes. Even Fed chairman Jerome Powell said recently that a smaller rate increase could come “as soon as December”, referring to the next meeting on Dec 13 and 14.
