U.S. adds robust 250,000 jobs; pay growth fastest since 2009

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President Donald Trump celebrated the country's rebound from the disasters Friday on Twitter.

Between September and October, the USA jobless rate remained unchanged at 3.7% as total nonfarm payroll employment gains were posted primarily in health care, manufacturing, construction, and transportation and warehousing.

Employment increased in health care, in manufacturing, in construction, and in transportation and warehousing.

The 250,000 jobs created in October was a significant increase over the 118,000 in September. The 3.0 percent unemployment rate for individuals with some college or an associate degree is the lowest it has been since July 2001.

The BLS said in its release that Hurricane Michael, which made landfall during the report's reference week, "had no discernible effect on the national employment and unemployment estimates for October".

The annual increase of 3.1% in hourly earnings followed a 2.8% advance in September. October marked the first time since the recession ended more than nine years ago that the closely watched pay gauge rose better than 3% from a year earlier.

In late August, she took a job at a hospital in Springfield that pays $11.22 an hour.

The economy brushed past Hurricane Michael, adding 250,000 net new positions in October and handily overshooting forecasts, while salaries rose at the fastest pace in almost a decade, the Labor Department said.

The dollar .DXY was trading higher against a basket of currencies.

Strong annual wage growth would mirror other data published this week showing wages and salaries rising in the third quarter by the most since mid-2008. The average workweek increased to 34.5 hours from 34.4 hours in September.

Comment Florence Foresti empêche son public de filmer ses spectacles
Les récalcitrants sont prévenus: " Vous ne pourrez pas accéder en salle si vous refusez de participer à ce dispositif ". Florence Foresti , du 5 novembre au 18 décembre 2018, au Paradis latin et du 26 au 31 décembre 2018 au Zénith de Paris.

The probability of another 25 basis-point (one-quarter percentage point) rise in the federal funds target, from 2%-2.25% now, at the december 18-19 meeting of the Federal Open Market Committee continues to hover around 75%, according to Bloomberg data.

The labor force participation rate also ticked up in October to 62.9%, a 0.2% increase from September.

Employment in other major industries, including wholesale trade, retail trade, information, financial activities, and government, showed little or no change over the month. "Market participants will likely need to adjust their expectations going forward".

And Diane Swonk of Grant Thornton noted that while wages are rising, benefits have not recovered, despite comments from employers that they are beefing up perks to attract and retain workers.

The country has 7.1 million job openings, a record high, the Labor Department announced Tuesday.

The year-over-year percentage growth in average hourly earnings looks slightly larger than it actually is because wages declined last October as low-wage workers returned to their jobs following a particularly strong hurricane season. That is seen supporting the economy through at least early 2019 when gross domestic product is expected to significantly slow as the stimulus from the White House's USD1.5 trillion tax cut package fades.

The influx of new job-seekers lifted the proportion of Americans with jobs to the highest level since January 2009.

Unemployment in the U.S. held steady at 3.7% - a 48-year low.

Nonfarm payroll employment rose by 250,000 in October. About 711,000 people joined the labor force in October, and about 600,000 more people reported being employed.

Job growth in the United States slowed considerably in September, largely because of Hurricane Florence's devastating run through the Carolinas.

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