(Via WSJ.com) U.S. employers continued to add jobs at a steady pace and the unemployment rate fell in November, a sign of stronger economic growth that may intensify debate within the Federal Reserve about reducing central bank bond purchases as early as this month.
U.S. payrolls rose by 203,000 last month, the Labor Department said Friday. The unemployment rate dropped three-tenths of a percentage point to 7.0%, the lowest level in five years. Economists surveyed by Dow Jones Newswires had forecast nonfarm payrolls would rise by 180,000 and the unemployment rate would tick down to 7.2%. September and October payroll numbers were revised up by a combined 8,000.
Read full story: U.S. Employers Add 203,000 Jobs; Unemployment Rate Falls to Five-Year Low (WSJ.com)