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Kestly Development

Developing Employees

November 3rd, 2018 by Mike Kestly

Average hourly earnings for production and non-supervisory workers increased 3.2 percent from a year earlier, following 2.8 percent in September

The median estimate in a Bloomberg survey called for an increase of 200,000 jobs. Average hourly earnings for private workers advanced 3.1 percent from a year earlier

Unemployment rate holds at 3.7%, lowest level since 1969

American workers enjoyed the biggest leap in pay since 2009 as job gains topped forecasts and the unemployment rate held at a 48-year low

The continued hiring and wage increases also reflect a tax-cut boost and reinforce expectations that the central bank will raise interest rates for a fourth time this year in December

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