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New jobs in October, strengthen case for interest rate increase

Screen Shot 2015-11-06 at 9.35.34 AMBy Anna Louie Sussman and Jeffrey Sparshott | The Wall Street Journal

U.S. employers hired at their strongest clip this year in October and wage growth picked up, signs of reassurance for Federal Reserve officials as they weigh an interest rate raise before year’s end.

Nonfarm payrolls rose a seasonally adjusted 271,000 in October, the Labor Department said Friday. Revisions showed employers added a combined 12,000 more jobs in September and August than previously estimated, bringing the three-month average through October to 187,000.

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