Hiring surge signals ongoing strength in economy
U S employers added 228000 jobs in November and the unemployment rate held at 4.1 percent, signaling sustained momentum in the nine year expansion. Wages rose 2.5 percent from a year earlier as hiring remained widespread despite wage growth cooling, with gains led by manufacturing and construction and supported by consumer confidence near a 2000 high.
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Tax talks face rebellion over high tax state concessions
About two dozen House and Senate lawmakers negotiate a final blended tax bill to cut taxes by about 1.5 trillion over a decade. The plan mixes corporate reductions with smaller individual cuts as Republicans seek a Christmas agreement to preserve majorities and fulfill a campaign pledge. President Trump has eased opposition to a smaller corporate tax rate cut to help pay for rebels demands.
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