By Lucia Mutikani, Reuters
WASHINGTON (Reuters) - U.S. companies likely maintained a solid pace of hiring in November while increasing wages for workers, suggesting the economy remains strong enough for the Federal Reserve to continue raising interest rates in 2019.
The Labor Department will publish its closely watched monthly employment report on Friday against a backdrop of a steep sell-off on Wall Street and a partial inversion of the U.S. yield curve, which have stoked fears of a recession.
Stocks have been mostly hurt by uncertainty whether a 90-day truce agreed by President Donald Trump and President Xi Jinping over the weekend will hold and lead to a lasting easing of trade tensions between the world’s two largest economies.
Nonfarm payrolls probably increased by 200,000 jobs last month, according to a Reuters survey of economists, after surging 250,000 in October. The unemployment rate is forecast steady at near a 49-year low of 3.7 percent.
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