U.S. Jobs Trounce Forecasts With 266,000 Gain; Wages Heat Up

U.S. NONFARM PAYROLL employment increased 266,000 in November. / BLOOMBERG NEWS FILE PHOTO/JEENAH MOON
U.S. NONFARM PAYROLL employment increased 266,000 in November. / BLOOMBERG NEWS FILE PHOTO/JEENAH MOON
U.S. job gains roared back in November as unemployment matched a half-century low and wages topped estimates, giving the Federal Reserve more reason to hold interest rates steady after three straight cuts. Stock futures and the dollar jumped while Treasuries slid. Payrolls jumped 266,000, the most since January, after an upwardly revised 156,000 advance the…

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