Jobs blowout shows strength of Trump economy, but wages trail inflation

POLITICO · Victoria Guida · 2026-11-06 13:53 UTC

The positive numbers underscored why affordability is a central point of concern for Americans, with average hourly pay rising more slowly than prices.

The positive numbers underscored why affordability is a central point of concern for Americans, with average hourly pay rising more slowly than prices.

11/06/2026 1:53 PM UTC

U.S. employers added 165,000 jobs in October, a much better-than-expected number that suggests the economy is holding up well even in the face of elevated inflation, soaring oil prices and rising interest rates.

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