US Economy: “Humming Along Just Fine”

Numbers for the end of October show that there was a 3.1% increase in wages and salaries (according to the Employment Cost Index – ECI) and 227,000 jobs created (far exceeding the actual expectation). US economy clocked one of its best six month stretches in the past decade with growth up 4.2% in the second quarter and 3.5% in the third quarter.

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