Robust Jobs Report All but Guarantees Fed Will Raise Rates - New York Times

The American economy created 211,000 jobs in November, the government reported Friday, a robust showing that all but guarantees policy makers at the Federal Reserve will raise interest rates for the first time in nearly a decade when they meet this month.

The unemployment rate held steady at 5 percent, unchanged from October.

The big gain in hiring reported for October was revised upward by 18,000 jobs, and Septembers weaker payroll performance was revised upward by 8,000.

The labor market strength evident in the November data removes the last major obstacle before the Fed decision.

This is a green light from our perspective, said Phil Orlando, chief equity strate