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WASHINGTON – The US economy brought 250,000 jobs in October, federal economists announced on Friday the government's latest job market snapshot before the mid-term elections.
The unemployment rate was 3.7 percent and 49 years old, while typical workers' income grew by 3.1 percent during the October period, the biggest jump since 2009.
"This is the best working environment in over a decade," said Joseph Brusuelas, chief economist at RSM US, an international consultancy firm.
The Labor Statistics Bureau's report does not arrive less than a month after hurricanes broke out the Florida flamboyance and Georgia, some people were temporarily out of work and squeezed for southeast-economic activity. Michael's death followed the hurricane in Florence, flooding homes and roads in Carolinas.
President Trump celebrates the country's boost of disasters on Friday on Twitter.
& # 39; & # 39; Wow! The United States gave 250,000 jobs in October – and this despite the hurricanes. Unemployment was 3.7%. Wage up! "Written by.
The country now has 7.1 million jobs, record high, the Ministry of Labor announced on Tuesday.
According to analysts, America's robust growth line began in 2014 and has been steadily moving ever since. According to the Labor Statistics Office, the average number of monthly jobs added from 2015 to 2016 was 211 thousand. This course has been held in the past two years.
Companies are under pressure to offer higher payouts at a time when more vacancies are vacant than applicants to fill them, said Andrew Chamberlain, a recent economist at Glassdoor's workplace.
"" Average earnings will eventually start to pick up, especially in some low-skilled positions, "Chamberlain said." Maintenance workers, banknotes, cashiers, chefs – employers work as multiplayer. "# 39;
Health, manufacturing, construction, transportation and warehousing fueled particularly strong labor growth in October.
The number of people employed in hospitals, nursing homes and other health care institutions increased by 36,000.
The number of manufacturing jobs jumped by 32,000 and the biggest gain was generated by the production of goods. The construction has expanded to 30,000 roles, with almost half of them focusing on residential buildings.
Transport and storage reached 25,000, while the slowdown in leisure and hospitality in September fell by 42,000.
The country's unemployment rate was almost half a century low in September. The President accepted this data point. & # 39; & # 39; Just out: 3.7% Unemployment is the lowest since 1969! & # 39; & # 39; Trump tweeted on October 5th.
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