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>> The final major jobs report before US voters head to the polls delivering upbeat news for workers Friday, showing the biggest annual rise in wages since 2009. Wage growth over the past 12 months picked up by 3.1% in October bringing average worker pay to $27.30 an hour, and there were more jobs to go around.
Hiring bounced back in October from September's hurricane-induced swoon. Employers added 250,000 jobs last month, topping expectations. Most of the rebound came in hospitality and leisure, but there was also a pickup in sectors like manufacturing, construction and so-called professional and business services. The unemployment rate holding steady at the 49-year low of 3.7%, as all that hiring absorbs the number of Americans coming back to the workforce.
Higher wages and more hiring all likely to encourage the Federal Reserve to keep on raising interest rates. The next hike expected in December, despite President Trump calling the Fed the greatest threat to his economic success. A strong economy, as Friday's job report suggests, could help bolster Trump and the Republicans' case that they should stay in control as a contentious midterm election season comes to a close.