The U.S. economy produced another 214,000 jobs in October, the unemployment rate fell to 5.8 percent and the percentage of those in the labor market rose and is at a post-recession high.
October marks the ninth consecutive month job creation topped the 200,000 mark, a feat not accomplished in 20 years. The last time it occurred was in 1994, during the Clinton era boom.
The two months prior to October were revised higher by a total of 31,000 more jobs than were initially reported.
The U.S. is in the midst of the longest monthly private sector jobs gains in its history.
Wage growth ticked up a bit but remained essentially at roughly 2 percent
Here are economic charts that put the health of the economy in perspective.
Quick question: Will the newly-anointed GOP led Congress - which doesn’t become a reality until January - take credit for the sustained job growth?
Or will Republicans wait a few months before talking the economy up after they have spent so many years talking it down to make sure President Obama got no credit for the turnaround?