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US private jobs growth strongest in 9 months in December at 250,000

Manufacturing payrolls rose by 9,000 and employment in the construction sector increased by 16,000

Reuters  |  Washington 

  US private employers stepped up hiring in December and planned layoffs by American-based companies fell sharply, pointing to sustained labour market strength that likely keeps the Federal Reserve on course to increase interest rates in March. Other data on Thursday showed a third straight weekly rise in first-time applications for unemployment benefits, though that probably reflected volatility around the end-of-year holidays. The Labour Department said claims data for some states, including California, Massachusetts, North Carolina and Virginia, had been estimated. The ...

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First Published: Thu, January 04 2018. 21:42 IST