iStock/Thinkstock(WASHINGTON) — The U.S. Department of Labor released a strong jobs report Friday morning. Payrolls expanded by 178,000 jobs in November, according to the Bureau of Labor Statistics.
The unemployment rate fell to 4.6 percent — lower than it has been since August 2007.
This is the last Jobs Report of the year and it reinforces what investors already expect: that the Federal Reserve will hike interest rates, for the second time in 10 years when it meets, on Dec. 14.
There were new jobs created in construction, health care and business services, with the economy now creating ample work to absorb all the new entrants into the labor force.
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