U.S. employers added the most workers in a year, rebounding from September’s slowdown, as people resumed work after hurricanes Harvey and Irma, Labor Department figures showed Friday. The jobless rate fell to the lowest since 2000 while wages stalled.
Highlights of Jobs Report
Payrolls rose 261,000, a big month though still below the estimate of 313,000, after 18,000 advance. Revisions added 90,000 to August-September figures, including turning a September drop into a gain. … The unemployment rate, derived from a separate Labor Department survey of households, fell from 4.2% to 4.1%, just below the estimate of estimate of 4.2%. … Average hourly earnings little changed month over month, with an estimated rise of 0.2% and a year over year rise
From Industry Week