Another month of solid U.S. hiring clears way for Fed hike

Another month of solid U.S. hiring clears way for Fed hike - San Jose Mercury News

WASHINGTON -- The U.S. economy generated another month of solid hiring in November, making it highly likely that the Federal Reserve will raise interest rates from record lows this month.

Employers added 211,000 jobs last month, led by big gains in construction and retail, the government said Friday. And the government revised up its estimated job growth for September and October by a combined 35,000.

The unemployment rate remained a low 5 percent for a second straight month. More Americans began looking for jobs in November, and most found them.

Employers have now added an avera