November’s employment report wasn’t perfect, with average hourly earnings contracting by 0.1% m/m, but the solid 178,000 gain in payroll employment and the drop in the unemployment rate to a nine-year low of 4.6% are good enough to all but guarantee that an interest rate hike is coming at this month’s Fed meeting.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services