The United States isn't just continuing to add jobs — it's strengthening as well, and that's good for workers.
That's the big takeaway from this morning's monster jobs number, which blew away analysts' expectations.
Annual wages rose at an annualized rate of 2.6 percent, which is big news in a job market that has experienced a tepid recovery when it comes to pay. But the kinds of jobs that were added were equally noteworthy. Professional and business services added 70,000 jobs to the U.S. economy; healthcare positions amounted to 43,000 more in gains, and even Wall Street — which has gained attention for slashing jobs and compensation this year — added 18,000 more roles.
"We're seeing a gradual, but increasingly clear sign that bargaining power is beginning to grow for the worker," said Bruce Kasman, chief global economist at JPMorgan Chase. "It's moving slowly. We think that's important for the economy."