November’s payrolls report keeps open the door for a quarter point rate cut this month, though next week’s CPI data still needs to be cleared.

The US Federal Reserve appears likely to lower benchmark interest rates again later this month, after cutting interest rates at its previous two meetings. CLick to read.

U.S. job growth surged in November after being severely hindered by hurricanes and strikes, but a rise in the unemployment rate to 4.2% pointed to an easing labor market that should allow the Federal Reserve to cut interest rates again this month.

After October’s noisy jobs report, November’s reading got a boost from strike resolutions and hurricane recoveries.

Wall Street's main indexes opened higher on Friday as traders increased bets on a Federal Reserve rate cut this month after the November payrolls report. The Dow Jones Industrial Average rose 58.6 points,

The November jobs report revealed a rebound in payrolls. However, a rise in the unemployment rate and other data support future Fed interest rate cuts.

The report signals a recovery in the jobs market after a bleak October, but not one that outpaces growth in the months prior. The number of jobs added to the economy beat economists’ expected count of 207,

The Fed is likely to cut rates by a quarter-point in December, with the upcoming CPI report and retail sales numbers being key indicators. Read what investors need to know.