November 7, 2014
...The share of the population (click here) with jobs rose to 59.2 percent in October, the highest since July 2009, from 59 percent the prior month.
Average hourly earnings for all workers rose 0.1 percent in October from the prior month. They were up 2 percent over the past 12 months, less than the 2.1 percent median forecast. The average work week for all employees increased six minutes to 34.6 hours.
Limited wage gains partly explain Americans’ dim perceptions of the economy, which helped Republicans capture control of the Senate from Democrats and solidify their majority in the U.S. House during the midterm elections this week. The results ensured that the GOP will control both chambers of Congress for the remainder of President Barack Obama’s term....
