Payrolls in US rise by 1.61 lac in October as wages rise
The payrolls in US climbed by 1.61 lakh in October as against a 1.91 lakh gain in September, US Labor Department data showed on Friday. The unemployment rate for last month fell to 4.9% from 5%, while wages rose from a year earlier by the most since June 2009. “This is...certainly consistent with 2% economic growth,” an economist commented.