US job gains topped expectations in October, as hiring rose at a solid pace and wages moved ever higher, even as the unemployment rate edged up, according to the closely-watched US employment report Friday.
The data will provide little comfort to the Federal Reserve which has been battling to cool the economy and bring down inflation that has soared to the highest in 40 years.
Average hourly earnings for private sector workers jumped another 12 cents or 0.4 percent, to $32.58, the data showed. The report said there were notable job gains in health care, professional and technical services, and manufacturing.
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