Solid growth in Oct US employment and wages seals case for Dec rate hike
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Washington
US employers maintained a strong pace of hiring in October and boosted wages for workers, which could effectively seal the case for a December interest rate increase from the Federal Reserve.
Non-farm payrolls increased by 161,000 jobs last month, the Labor Department said on Friday. August and September data was revised to show 44,000 more jobs created than previously reported. The unemployment rate fell one-tenth of a percentage point to 4.9 per cent, in part as people dropped out the labour force.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Amazon’s MGM Studios gains creative control over ‘James Bond’ franchise
UOB’s Wee Ee Cheong says S$4.9 billion Citi deal ‘paying off’ as Asean push accelerates
In taxing wealth, how far can Singapore push property owners?
