Morning Minute: U.S. job and wage growth picks up in October

Image: Bigstock

Image: Bigstock

The U.S. economy added 161,000 jobs in October, but the better news is that average hourly wages climbed 2.8 percent, marking the strongest jump since 2009, the New York Times reports today in the article, “Last Pre-election Jobs Report Shows Healthy Growth and Higher Wages.”

USA Today also covers the trend in, “Employers Add Modest 161,000 Jobs in Oct. But Wage Growth Surges.”

In other headlines:

Mortgage Rates Head Up – Freddie Mac

Housing’s new normal: Low interest rates, shifting demand, coming wave of new homebuyers – HousingWire

 

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