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Wage scene puts Fed rate hike in doubt

Yet, the regulator may just bite the bullet to signal that the era of easy money is over

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The structural changes in the labour markets explain why the jobless rate remained high at 9.4 per cent among the less skilled African-American workers, while it was at the low rate of 3.9 per cent among the more educated Asian-American workforce.

ROBUST job growth in the United States in November is creating a momentum that is expected to put pressure on policymakers at the Federal Reserve to take the final step in ending its loose post-Great-Recession monetary strategy and hike the Fed's benchmark interest rate - for the first time in