US job statistics published on Friday afternoon were strong … …which should encourage the Fed to take action US employment figures were released on Friday afternoon. Altogether, 271,000 jobs were created in October, pushing down the unemployment rate to 5%. Wage growth has also accelerated, up 0.4% in the month of October and 2.5% year-on-year. These figures were highly awaited given the importance of the first monetary tightening move in the US, the timing of which has been a real cliffhanger
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