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US wages grow at fastest pace in nine years

Wages in the US grew at their fastest pace for nine years last month.
 
The US Labor Department said wages grew at an annual rate of 3.1 per cent in October, accelerating from a rate of 2.8 per cent the month before.
 
The economy also added 250,000 jobs last month, beating expectations, while the jobless rate remained at 3.7 per cent.
 
The report quickly became fodder for political debate ahead of next week's high stakes congressional election.


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