The US government said on Friday that US job growth was unexpectedly strong in November despite efforts to cool the economy, while unemployment stabilized and wages rose.
The numbers offer little comfort to Fed officials who have struggled to curb rising inflation amid fears that higher costs could take hold.
Data from the Labor Department showed the world’s largest economy added 263,000 jobs in November and the unemployment rate remained at 3.7%.
The hourly wage media for private sector workers it rose 18 cents to $32.82. Over the past 12 months, wages have increased by 5.1%.
While tightening monetary policy should usually lead to job losses, economists have noted that companies are reluctant to lay off workers they have struggled to find.
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