More Good Economic News On Friday

New jobs surged in October and wages rose by the largest year-over-year amount in nearly a decade.

Here's a roundup up of the financial news you need to know.

Real disposable income — personal income after taxes, adjusted for inflation and divided by the number of people in U.S. — in the 12 months ended October 31, grew 2.8%. In the five-year economic boom preceding The Great Recession, real personal disposable personal income grew by 2.2%. In the last 12 months, RDPI grew 30% faster than in the last expansion.

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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.

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