11-02-2018, 10:40 AM
This is good news for Republicans up for congressional election next week.
Snip:
Employers added 250,000 jobs in October, more than analysts expected, as the jobless rate remained at 3.7 percent, a nearly 50-year low, the Labor Department said Friday.
The report also showed that the pace of wage growth picked up last month. Average earnings climbed to $27.30 an hour — 3.1 percent above a year earlier.
The 12-month wage increase was the largest since 2009 and topped September's 2.8 percent gain.
But the 3.1 percent wage gain is still considered moderate. And it's unlikely to change the Federal Reserve's strategy of gradually increasing interest rates. Source: https://www.npr.org/2018/11/01/662924222...-elections
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Unless they're in deep red districts, I think Republican candidates will need to work hard to get their constituents focused on the economy instead of Trump in order to fully benefit from it though.
Snip:
Employers added 250,000 jobs in October, more than analysts expected, as the jobless rate remained at 3.7 percent, a nearly 50-year low, the Labor Department said Friday.
The report also showed that the pace of wage growth picked up last month. Average earnings climbed to $27.30 an hour — 3.1 percent above a year earlier.
The 12-month wage increase was the largest since 2009 and topped September's 2.8 percent gain.
But the 3.1 percent wage gain is still considered moderate. And it's unlikely to change the Federal Reserve's strategy of gradually increasing interest rates. Source: https://www.npr.org/2018/11/01/662924222...-elections
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Unless they're in deep red districts, I think Republican candidates will need to work hard to get their constituents focused on the economy instead of Trump in order to fully benefit from it though.