"If I was a Republican politician, I'd scream about it," Shepherdson said, "but growth will not continue." In particular, the manufacturing sectors in China and Europe are weakening strongly, he said. Commentary on the publication of the manufacturing index this week was "Customs, Customs, Customs".
The figures from October are revised twice and September again.
Although the unemployment rate has steadily dropped below the 2000 level, wages have risen much more slowly at the height of this expansion.
However, the October report is one of the recent signs that wage growth is picking up.
According to a Payroll Research Department report last week, American workers earn on average almost $ 1 more per hour than a year ago.
William H. Stoller, chairman and chief executive of Express Employment Professionals based in Oklahoma City, said pay In light industry and government jobs, for example, working hours rose from $ 14.60 to $ 15.50 an hour, up from around $ 13.60 last year. Most of the applicants that his company encounters are looking for higher wages and more opportunities for promotion.
"What impresses me so much is that since March this year, there have been more jobs than workers every month," said Scott Clemons, chief investment strategist at Brown Brothers Harriman. The number of vacancies was 7.1 million, according to the latest government figures.