Economy and macroUpdated November 7

Anna Wong says broader hiring strengthens the case for another Fed hike.

October added 165,000 jobs against expectations of 65,000, making for a surprisingly strong report. Anna Wong’s point was that hiring was widening, too. Bloomberg Economics’ chief US economist said the report showed hiring broadening into white-collar, manufacturing and transportation jobs. In her view, that wider mix strengthens the case for another Federal Reserve rate hike.

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Coverage started November 7