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October Jobs Report
by , 11-02-2018 at 07:42 AM (512 Views)
Payrolls smash estimates with gain of 250,000, wage gains pass 3% for first time since recession
Jeff Cox | @JeffCoxCNBCcom
https://www.cnbc.com/2018/11/02/us-c...-expected.htmlJob growth blew past expectations in October and year-over-year wage gains jumped past 3 percent for the first time since the Great Recession, according to Labor Department figures released Friday.
Nonfarm payrolls powered up by 250,000 for the month, well ahead of Refinitiv estimates of 190,000. The unemployment rate stayed at 3.7 percent, the lowest since December 1969.
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