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Published 4 months ago

US added 150,000 jobs in October as pace of growth slows sharply

  • The United Auto Workers’ strikes against Detroit’s automakers in October caused a decrease in job growth, but most other sectors saw solid job gains.
  • Despite the decrease in job gains, the U.S. Economy added 150,000 jobs in October, indicating that many companies are still hiring.
  • Average hourly pay increased slightly in October, with a 4.1% rise in average hourly earnings over the past 12 months, but wage gains have been slowing.
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