Friday, December 5, 2014

Reuters / Yahoo News: Bullish U.S. employment report puts Fed under spotlight [So what? After every one of these feel-good propaganda pieces, independent economists come out and reveal that "job growth numbers" almost exactly match or fall short of monthly numbers of the invading Third World unemployed thronging into the US. Middle -class and working-class jobs, especially White and citizen non-White working-class jobs are still disappearing, along with US manufacturing.]


Bullish U.S. employment report puts Fed under spotlight


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ASHINGTON (Reuters) - U.S. employers added the largest number of workers in nearly three years in November and wage gains picked up, a sign of economic strength that could draw the Federal Reserve closer to raising interest rates.
Nonfarm payrolls surged by 321,000 last month, the most since January 2012, the Labor Department said on Friday. The unemployment rate held steady at a six-year low of 5.8 percent.
"I think it will put pressure on the Fed to raise rates in the first half of next year by June, perhaps even March," said Craig Dismuke, chief economist at Vining Sparks in Memphis, Tennessee. ...