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U.S. Payrolls Rise Above-Forecast 250,000 as Wage Gains Hit 3.1%
Friday, 2 November 2018 19:59 WIB | ECONOMY |Ekonomi ASU.S.Unemployment

U.S. hiring rebounded by more than forecast in October, annual wage gains topped 3 percent for the first time since 2009 and the jobless rate held at a 48-year low, signaling the labor market will keep driving consumption and economic growth.

Nonfarm payrolls rose 250,000 after a downwardly revised 118,000 gain, a Labor Department report showed Friday. The median estimate in a Bloomberg survey called for an increase of 200,000 jobs. Average hourly earnings for private workers advanced 3.1 percent from a year earlier and the unemployment rate was unchanged from September at 3.7 percent, both matching projections.

Source : Bloomberg

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