U.S. job growth soars, wage gain largest since 2009
The Labor Department's closely watched monthly employment report on Friday also showed the unemployment rate was steady at a 49-year low of 3.7 percent as 711,000 people entered the labor force, in a sign of confidence in the jobs market.
Nonfarm payrolls increased by 250,000 jobs last month as employment in the leisure and hospitality sector bounced back after being held down by Hurricane Florence, which drenched North and South Carolina in mid-September.
There were also big gains in construction, professional and business services payrolls, and manufacturing, where employment increased by the most in 10 months.
The economy created 118,000 jobs in September. ■