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October job growth surged to 276,000, above expectations, with steady unemployment and rising wages.
In a major shift for the U.S. economy, the Labor Department reported that job growth in October exceeded expectations, with 276,000 new positions added—well above the projected 200,000.
Unemployment held steady at 4.1%, and average hourly earnings rose 3.2% year-over-year, signaling continued inflationary pressure.
The data suggests sustained labor market strength, though analysts caution that wage growth could complicate Federal Reserve efforts to cool inflation.
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El crecimiento del empleo en octubre se disparó a 276.000, por encima de las expectativas, con un desempleo constante y un aumento de los salarios.