US in longest jobs growth streak since WW2 As the Federal Reserve ended its quantitative easing scheme in October, US jobs data has been closely watched for signs of strength. Better performance is likely to imply that officials will raise interest rates sooner. Friday's report "fits nicely with the Fed's view that slack in the labour market is diminishing," said Johnny Bo Jakobsen, of Nordea. "The small cloud on the silver lining remains continued weak gains in average hourly earnings," he added. Pay posted a meagre 0.1pc increase in October on the preceding month, a rise of half the pace expected by economists. The US economy added 214,000 jobs in October, below the 235,000 that had been expected by a consensus poll of Bloomberg analysts. However, revisions to data released for previous months helped to create a brighter picture of the US jobs market. September's figure was moved up from 248,000 to 256,000, while the sub-200,000 reading for August was revised from 180,000 to 203,000. The Bureau of Labor Statistics (BLS) which publishes the data, said that there were employment increases in food and drink establishments, retail trade, and health care.