The job market continues to hold strong in the face of the housing and credit crisis.

A Friday story “Employers boost payrolls by 94,000; jobless rate holds steady at 4.7 percent” says:

Job and wage growth have been shock absorbers, helping individuals to cope with all the negative forces in the economy. The mostly sturdy employment climate has helped to support spending by individuals, a major shaper of overall economic activity … Average hourly earnings rose to $17.63 in November, a 0.5 percent increase from the prior month. That marked the biggest monthly gain since June. The only other time the monthly gain was higher was in October 2005. Economists were expecting a more moderate rise of 0.3 percent. Over the past 12 months, wages grew by 3.8 percent.

What growth have you experienced in your job? If you are looking for a job, what does this news mean to you?

This entry was posted on Monday, December 10th, 2007 at 5:32 pm and is filed under Job hunting. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.