Now Is The Best Time to Apply For Jobs As Wages Rise at Fastest Rate in Nearly a Decade

This is best time to get on to the job ladder.

The rapidly growing U.S. economy added 250,000 jobs in October and the unemployment rate held steady at 3.7 percent, according to Labor Department figures released recently. This surpassed Wall Street’s expectation.

It’s prime time for Americans 25 to 54 years old. The biggest share since 2010 have now joined the labor force.

The monthly average job creation now stands at about 210,000 for the last three months.That incorporates revised data for September, which saw an unusually low jobs figure thanks to Hurricane Florence. Hurricane Michael, which hit the Florida panhandle last month, did not affect the jobs report, the Labor Department said.

Yet another strong month of hiring kept unemployment at 3.7%, the lowest rate since 1969.

What is Happening?

The increase in hiring last month was broad based — not a single major industry shed jobs.

Hotels and restaurants added 42,000 people to their staffs, health-care companies hired 36,000 workers, manufacturers filled 32,000 jobs and construction companies took on 32,000 new employees.

Online jobs and work from home jobs are also up.

So, don’t delay and search for new jobs now.

Wage hikes are accelerating. Hourly compensation rose at a 3.5 percent rate the July through September period, up from the 1.9 percent pace in the spring.