BREAKING NEWS: Economy added 211,000 jobs in November

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The economy added 211,000 jobs in November, the Labor Department reported this morning, clearing a path for the Federal Reserve to raise interest rates later this month.

In comments Thursday before Congress's Joint Economic Committee, Fed Chairwoman Janet Yellen indicated that even job growth slightly below 100,000 would probably be sufficient to justify a rate hike.

November's jobs increase was down from October's increase of 298,000 jobs. Unemployment was 5 percent, unchanged from October.

Analysts had predicted growth of about 190,000 jobs, an unemployment rate of 5 percent, and an increase in hourly earnings of 0.2 percent, according to a Bloomberg survey of economists.


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