Wages Shoot Up in Travel, Food and Other In-Demand Industries

U.S. wages continue to rise at a brisk pace in November, particularly in sectors with the most acute labor shortages, Friday’s jobs report showed.

Average hourly earnings were 4.8% higher in November compared with a year ago for all private industries, the Labor Department said in its November employment report that also showed payrolls increasing by 210,000 and the unemployment rate dropping to 4.2%.