The U.S. created 263,000 new jobs In November, despite six rate hikes implemented since March by the nation’s central banker to slow economic growth. 

The rate of job creation was 30% higher than economists had expected. For investors, it means that the Federal Reserve System, the nation’s bankers, have no choice but to continue raising lending rates for months. They have to stop job growth because it puts upward pressure on wages and worsens inflation.