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Economy Booming: Wages Rise, 250K Jobs Added, Unemployment 3.7 Percent

The October jobs report was released this morning and U.S. economy remains on the rise. The economy added 250,000 jobs this month, which was more than predicted, and unemployment remained at 3.7 percent. Wages also rose 3.1 percent:

“But the bigger story may be wage growth, which has been the missing piece of the economic recovery. Average hourly earnings increased by 5 cents an hour for the month and 83 cents year over year, representing a 3.1 percent gain. The annual increase in wages was the best since 2009.”

This great economic news is further evidence that GOP led polices are working, contrary to the narrative Democrats are trying to push ahead of next week’s midterm election.

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