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Chairman Paulsen Lauds Wage Gains and Job Creation in October Jobs Report

WASHINGTON—Joint Economic Committee Chairman Erik Paulsen, R-Minn., lauded the solid gains made in the October jobs report released by the Labor Department:

“Americans’ paychecks are finally breaking through the ceiling of wage growth that’s held for nearly a decade, firmly establishing that our economy’s strong momentum is boosting jobs and especially worker pay. This is an exceptionally good report with 250,000 jobs created, a milestone that reminds us that we must continue to push for pro-growth policies that allow all Americans to receive the raises and opportunities they deserve.”

NOTE: The Labor Department reported today that the economy added 250,000 jobs in October, up from 118,000 in September. Average hourly private-sector earnings were up 3.1 percent over the previous year, the biggest jump since April 2009. In September, they were up 2.8 percent. The unemployment rate was unchanged at 3.7 percent.

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