Picture: Ian West/PA Wire.
The US economy added another 250,000 jobs in October, beating expectations after slower growth in September. The unemployment rate remained static at 3.7%, a 49-year low. Economists had been expecting fewer new jobs after the slowest growth so far this year was recorded in the previous month. September’s figure was revised even lower on Friday to 118,000 jobs. Wages grew by 3.1% in October, the best since April 2009. Neil Wilson, analyst at markets.com, said: “This reaffirms the view that the tighter labour market is starting to feed through to higher wages and will further strengthen the case for the Federal Reserve to maintain the current path of hikes.”
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
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We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
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