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. ...