U.S. payrolls rise above-forecast 250,000 as wage gains hit 3.1%

UNITED STATES nonfarm payrolls rose 250,000 in October, beating estimates. / BLOOMBERG NEWS FILE PHOTO/DAVID PAUL MORRIS
UNITED STATES nonfarm payrolls rose 250,000 in October, beating estimates. / BLOOMBERG NEWS FILE PHOTO/DAVID PAUL MORRIS
NEW YORK - United States hiring rebounded by more than forecast in October, annual wage gains topped 3 percent for the first time since 2009 and the jobless rate held at a 48-year low, signaling the labor market will keep driving consumption and economic growth. Nonfarm payrolls rose 250,000 after a downwardly revised 118,000 gain, a…

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