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Economic Report: Economists ‘wowed’ by October jobs report as wage growth picks up

Economists said October’s payrolls report showed all-around strength, highlighting wages climbing 3.1% in the past 12 months as they called the data consistent with further tightening by the Federal Reserve.

Read more about the jobs data from MarketWatch.

• “In one line: Solid across the board, though hard to read the trends behind the weather noise.” — Ian Shepherdson, chief economist, Pantheon Macroeconomics

Jason Furman, who ran the Council of Economic Advisers under President Barack Obama, said he didn’t see anything bad in the October numbers, citing strong wage growth and a bounce-back in job growth from last month.

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