U.S. hiring surged in November, bouncing back from a dismal performance in the previous month and returning to strong growth. Employers added 227,000 workers last month, exceeding economist expectations of 214,

The November jobs rebound was solid, but traders are still expecting a final end-of-year rate cut from the Federal Reserve.

A “decently robust” U.S. jobs report on Friday probably wouldn’t derail the Federal Reserve from delivering an interest-rate cut this month, as the Fed’s policy rate remains restrictive, according to Russ Brownback, head of global macro positioning ...