Jobs market strengthens in November, defying forecasts
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The report undermines hopes the Federal Reserve will cut interest rates early next year.
The U.S. labor market unexpectedly strengthened in November with pickups in employment and wages, deflating hopes for the Federal Reserve to cut interest rates early next year.
Nonfarm payrolls increased 199,000 last month following a 150,000 advance in October, a Bureau of Labor Statistics repor
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