US jobs growth surged in October after two months of tepid gains in a row. The US unemployment rate also hit a seven and a half year low in a show of domestic strength that makes it almost likely the Federal Reserve will hike interest rates in December. US non-farm payrolls increased 271,000 last month, the largest rise since December 2014, the Labor Department said today. In addition, average hourly earnings increased by nine cents last month. The solid gains added to robust car sales in painting an upbeat picture of the...
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