US wage growth hits nine-year high

Burgers with US flags Image copyright Getty Images

Wages in the US grew at their fastest pace for nine years last month, according to the latest official figures.

The US Labor Department said wages grew at an annual rate of 3.1% in October, accelerating from a rate of 2.8% the month before.

The economy also added 250,000 jobs last month, which was well ahead of analysts’ expectations.

The unemployment rate remained unchanged at 3.7%.

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