US unemployment remains at lowest level since 1969
Hourly wage growth is at highest rate since 2009, but year-on-year inflation falls to 2%
The US labour market continued creating jobs at a high rate in October, and the unemployment rate remained at the lowest level since December 1969, the Bureau of Labor Statistics reported today (November 2).
According to the Bureau, total nonfarm payroll employment increased by 250,000 last month. The unemployment rate remained at 3.7%. Over the year, average hourly earnings have increased by 3.1%. This is the highest rate of annual wage growth since 2009.
But the stronger wage growth has not
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