US hiring and wages extend strong gains, keeping pressure on Fed

Chair of the U.S. Federal Reserve Jerome Powell speaks at the Brookings Institution, Nov. 30, in Washington, DC. Powell discussed the economic outlook, inflation and the labor market. (Drew Angerer/Getty Images/TNS)

U.S. employers added more jobs than forecast and wages surged by the most in nearly a year, pointing to enduring inflation pressures that boost chances of higher interest rates from the Federal Reserve.