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US economy adds 263,000 jobs, keeping pressure on Fed

Reade Pickert

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Washington | US employers added more jobs than forecast and wages surged by the most in nearly a year, pointing to enduring inflation pressures that boost the chance for higher interest rates from the Federal Reserve.

Nonfarm payrolls increased 263,000 in November after an upwardly revised 284,000 gain in October, a Labor department report showed early Saturday AEDT.

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