US Job’s Data

American businesses keep hiring.
The U.S. economy added 211,000 jobs in November, a solid boost that likely means the Federal Reserve will raise interest rates later this month. The jobs gains exceeded expectations. Economists surveyed by CNNMoney predicted there would be 192,000 jobs added.
The unemployment rate stayed steady at 5%, its lowest level since 2008.
This month’s jobs report is very important for the Federal Reserve. The Fed’s committee meets on December 15-16, and it could raise its key interest rate for the first time in nearly a decade. Rates have been stuck at zero since the financial crisis in 2008 in an effort to boost the economy.

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