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PRAGUE (AP) — One thing was for sure when foreigners stayed at a prestigious Prague hotel during the Cold War era — their telephone conversations were carefully monitored by secret police in a hidden underground bunker some 20 meters (66 feet) under the building.
By Lucia Mutikani WASHINGTON (Reuters) - U.S. private-sector hiring rose in November at the fastest clip in a year, suggesting the labor market was improving enough for the Federal Reserve to soon start trimming its bond purchases. Private employers added 215,000 new jobs to their payrolls last month, the ADP National Employment Report showed, the biggest rise in a year and beating economists' expectations for a gain of 173,000 jobs. That report is expected to show an increase of 180,000 in nonfarm payrolls, according to a Reuters poll of economists, down from 204,000 in October. "If the ADP does prove to be a good guide, a 200,000 plus gain (in nonfarm payrolls) might just be enough to persuade the Fed to begin its QE taper later this month," said Paul Ashworth, chief U.S. economist at Capital Economics in Toronto.