Job Report Completes a Solid Economic Picture

“For months, the economy has been like a jigsaw with one mismatched piece: Consumer spending has been holding up and overall growth has been solid, but the job market has looked treacherously wobbly,” the New York Times reports.

“As of Friday, the last piece of that puzzle is finally clicking into place.”

“Fresh employment data for September showed that hiring picked up strongly, the unemployment rate dipped and wage growth came in strong last month. While it is just one report, it matches up with a number of recent signals that the economy is robust.”