The Presidential Daily Brief

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    US Jobs Report Drops Key Data for Fed

    They hit their target — and exceeded it. Federal Reserve Chair Janet Yellen explained Thursday before a congressional committee that the economy needs to create about 100,000 jobs per month to sustain a December rate rise. Analysts expected about 200,000 new jobs in November’s scorecard — but this morning’s report gave them 211,000. Unemployment held steady at a seven-year low, and while wage growth is still slightly slowing, these numbers may well and give the Fed the confidence it needs to move forward.

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