Changing Workforce / Career Development

Wage growth hits 9-year high as economy adds 250,000 jobs in October

By Investor's Business Daily

Nov 02, 2018

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The U.S. economy added 250,000 jobs in October as the unemployment rate held at 3.7%, the Labor Department reported on Friday. Wage growth, the key number for investors worried about Fed rate hikes, accelerated more than expected to 3.1%, the fastest since early 2009.

The economy added 32,000 manufacturing jobs as the sector deals with uncertainty and higher prices stemming from Trump tariffs and a possible escalation of the China trade war.

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