“There have been anecdotal hints for months that employers are facing new pressure to raise workers’ wages as the job market has gotten tighter,” reports the NY Times. “And Friday’s report is the first piece of real evidence in the official government data that it’s happening.”
In November, employers added 321,000 new payroll jobs, and at higher hourly wages. And, September and October counts were revised upward to net 44,000 more positions.
This represents the best monthly result since January 2012. Weekly payrolls rose a whopping 0.9 percent in November, which is the kind of monthly swing that rarely happens.
(READ the story in the NY Times)