U.S. payrolls grew modestly in October but the unemployment rate fell and wages edged up, signs the labor market is strengthening.
Nonfarm payrolls grew a seasonally adjusted 214,000 last month, the Labor Department said Friday. Since the start of the year, employers have added more than 220,000 workers on average each month, a pace last consistently maintained nearly a decade ago.
The unemployment rate, obtained from a separate survey of households, fell to 5.8% last month. That’s the lowest level since 2008
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