Economics
U.S. Payroll Gain of 266,000 Trounces Forecasts as Wages Heat Up
- Unemployment rate falls to 3.5%, matching half-century low
- Automaker payrolls rebound by 41,300 after GM strike ends
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U.S. job gains roared back in November as unemployment matched a half-century low and wages topped estimates, giving the Federal Reserve more reason to hold interest rates steady after three straight cuts.