U.S. economy rebounds from hurricanes, adds 261,000 jobs

Posted at 8:47 AM, Nov 03, 2017
and last updated 2017-11-03 09:52:37-04

America's job market got back on its feet in October.

The U.S. economy rebounded from the hurricanes and added 261,000 jobs, the best performance of the Trump administration.

Unemployment inched down to 4.1%, the lowest since December 2000.

But wages took a step back. They grew only 2.4% in October compared with a year earlier, behind September's number. The absence of better wage growth and inflation is one of the biggest mysteries in the economy.

WATCH: How hourly wages fared in the October jobs report

The United States has added jobs for 85 straight months, the longest streak on record.

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