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U.S. Economy Adds 250,000 Jobs in October as Wage Growth Accelerates

November 2, 2018

Via: TheStreet

The U.S. economy added more jobs than expected last month, and workers’ wage growth accelerated, a Labor Department report showed Friday, Nov. 2.

Total nonfarm payroll employment increased by 250,000 jobs, higher than the 190,000 predicted by analysts in a FactSet survey. The unemployment rate held at 3.7%, the lowest since the first year of Richard Nixon’s presidency in 1969.

Average hourly earnings rose by 3.1% from a year earlier, according to the report.

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