[12/2/15] U.S. private employers boosted hiring in November and wage growth appeared to pick up in the third quarter, signs of labor market strength that could support the first Federal Reserve interest rate increase in nearly a decade later this month.
The reports on Wednesday overshadowed slumping manufacturing activity and underscored the economy's solid fundamentals.
"The data indicate a steady improvement in the labor market that should support the Fed's confidence that now is the right time to hike rates," said Thomas Costerg, senior U.S. economist at Standard Chartered Bank in New York.
Private payrolls increased 217,000 last month on top of the 196,000 jobs added in October, the...
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