Economy Adds a Surprising 271,000 Jobs

Washington — An unexpected surge of hiring last month accompanied by strong wage gains suggests that the U.S. labor market remains solid and increases the likelihood that the Federal Reserve will make its first interest rate increase in nearly a decade next month. The Bureau of Labor Statistics said Friday that employers across a broad spectrum of industries added a net 271,000 new jobs in October. That is far more than most analysts’...

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Joint Credit Card: 3 Perks

Applying or co-signing for a credit card with your loved one has its risks. The credit card and its activity appear on both of your credit reports, and you’re both responsible for the balance. If your loved one has good financial habits, however, a joint credit card account comes with a lot of perks. From helping you combine your finances to building credit and racking up rewards, a joint credit card is a great financial tool for...

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S&P Ends Up 8.3% For the Month

New York — U.S. stocks faded late in October’s final session, paring the strongest monthly gain since 2011 as financial and consumer staples shares retreated. The S&P 500 declined 0.5 percent to 2079.36, with the gauge up 8.3 percent for the month. Stocks are also extended to five their longest streak of weekly advances this year. The Dow Jones industrial average closed at 17,663.54, up 16.84 for the week. “Recent Fed comments...

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Economists: Beware New U.S. Recession

Confronted with disappointing data from around the world, economists are whispering a word that hasn’t seemed like a real possibility in years: recession. It starts with the slowdown in China, which is already straining the global recovery. The world’s second-largest economy has lost its appetite for the raw materials that fueled its industrial boom, leaving the smaller countries that supplied it with resources stumbling in its wake....

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Yellen’s ‘Hot’ Labor Market Evokes ’70s

Washington — Janet Yellen is pursuing a monetary policy with echoes from an era of bell-bottom jeans and New York Knicks’ basketball championships. And that’s got some economists worried. In an unorthodox move, the Fed chair has signaled her intention to keep interest rates low enough to temporarily push unemployment modestly below its long-run natural rate. She described in a speech last month how a tight job market could entice...

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