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.