The October jobs report shows that the American economy continued its solid recovery from the worst economic crisis of our lifetimes in October, with the addition of 161,000 jobs. All told, American businesses have added 15.5 million jobs since February 2010, and we are in the longest streak of overall job growth on record. Additionally, the unemployment rate ticked down slightly to 4.9 percent. Americans have been waiting for a meaningful raise for too long, and today’s report confirms what we’ve seen over the last year – that they are getting one. Wages are up 2.8 percent over the last 12...
Continue reading »