Home » News » World news » U.S. Added 161,000 New Jobs, Wages Rise By 10 Cents
jobs in USA

U.S. Added 161,000 New Jobs, Wages Rise By 10 Cents

The U.S. added 161,000 new jobs in October, with workers seeing strong growth in wages, according to the monthly jobs report from the Bureau of Labor Statistics.

Check Also: 11 Jobs That Can Pay You Over $100,000 Annually

Hourly earnings rose 10 cents over last month, a higher increase than anticipated. In total, wages — now averaging $25.92 an hour — are up 2.8 percent year over year. 

That’s the strongest annual growth in wages recorded since the recession, The Wall Street Journal reports. The jobs growth was slightly under expectations — economists had predicted around 175,000 new jobs, NPR’s John Ydstie reports.

But the report also revised upward the job growth for August and September. August had been pegged at 167,000 new job (s) and is now at 176,000; September had been reported as 156,000 and is now 191,000.

In total, that’s 44,000 additional new jobs over those two months.

The unemployment rate ticked down slightly, back to 4.9 percent, which is not a substantial shift, the BLS says. The labor participation rate also changed little, the bureau says, as did the number of people working part-time who would prefer to work full time.

“Job growth has been one of the most positive features of the U.S. economy during this presidential campaign,” John notes. “It’s averaged over 200,000 a month for most of the past couple of years.”

Friday’s job (s) report is, of course, the last one before the presidential election on Tuesday.

The October jobs report may have been affected by Hurricane Matthew, which struck the East Coast during the pay period examined for the report. That may have affected numbers for average weekly hours, which typically go down when extreme weather strikes. The October report showed the average workweek was unchanged at 34.4 hours.

But the hurricane was less likely to affect figures for overall employment, the BLS says.

Source: The two way

Check also;


This is not a Paywall, but Newslex Point's journalism consumes a lot of time, hard-work and money. That's why we're kindly requesting you to support us in anyway they can, for as little as $1 or more, you can support us .

Please use the button below to contribute to Newslex Point, Inc. using a credit card or via PayPal.

Donate Button with Credit Cards




About frank mubiru

Posted by Mubiru Frank, senior news reporter & Editor

Leave a Reply

Your email address will not be published. Required fields are marked *


This site uses Akismet to reduce spam. Learn how your comment data is processed.


Check Also

Joe Biden Looks To Get Independence From Coronavirus By 4 July

Biden Considers Bold Reforms For US Supreme Court, Challenging Lifetime Appointments

In a surprising turn of events, Joe Biden is reportedly exploring a range of reforms ...