October Jobs Report 2024. The report — released just a month before election day — showed that the jobless rate fell to 4.1 percent, while hourly wages grew at an annual pace of 4 percent. The jobs report was “a sign that the economy is not falling off a cliff, a sign that it is stabilizing, and maybe perking up.”.

Claudia sahm, an economist at the federal reserve from 2007 to 2019, and the. On a monthly basis, wages.