05/18/2024

U.S. Hiring Surges as Eyes Turn to Fed

WASHINGTON—U.S. employers hired at their strongest clip this year in October and wage growth picked up, signs of reassurance for Federal Reserve officials as they weigh an interest-rate raise before year’s end.

Nonfarm payrolls rose a seasonally adjusted 271,000 in October, the Labor Department said Friday. Revisions showed employers added a combined 12,000 more jobs in September and August than previously estimated, bringing the…

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