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U.S. Jobs, Services Sector Data Underscore Economy’s Resilience

Posted December 04, 2014

Under Economic Issues

(Lucia Mutikani – Reuters)

U.S. private companies added workers at a fairly brisk clip in November and the services sector grew strongly, suggesting a slowing global economy is having a limited impact on domestic activity.

Strengthening labor market conditions, however, have yet to spur faster wage growth, other data on Wednesday showed, which could give the Federal Reserve ammunition to maintain its very low interest rate policy for a while. Read more here.