The U.S. added 161,000 new jobs in October, with workers seeing strong growth in wages, according to the monthly jobs report from the Bureau of Labor Statistics.
Hourly earnings rose 10 cents over last month, a higher increase than anticipated. In total, wages are up 2.8 percent year over year.
That's the strongest annual growth in wages recorded since the recession, The Wall Street Journal reports.
the report also revised upward the job growth for August and September. August had been pegged at 167,000 new jobs and is now at 176,000; September had been reported as 156,000 and is now 191,000.
The unemployment rate ticked down slightly, back to 4.9 percent
http://www.npr.org/sections/thetwo-...obs-report-shows-u-s-created-161-000-new-jobs
Hourly earnings rose 10 cents over last month, a higher increase than anticipated. In total, wages are up 2.8 percent year over year.
That's the strongest annual growth in wages recorded since the recession, The Wall Street Journal reports.
the report also revised upward the job growth for August and September. August had been pegged at 167,000 new jobs and is now at 176,000; September had been reported as 156,000 and is now 191,000.
The unemployment rate ticked down slightly, back to 4.9 percent
http://www.npr.org/sections/thetwo-...obs-report-shows-u-s-created-161-000-new-jobs