The October
jobs report for the world’s largest economy (the USA, measured by gross domestic product*) was very positive : 270,000 jobs added. That’s a lot more than the 180,000 that had been expected. And economists now say a December federal funds rate hike is almost a certainty.
*Another way to compare the sizes of the economy in countries is by purchasing power parity. By this measure, the size of China’s economy is actually slightly larger than that of the USA.
