In recent weeks, reports have shown inflation slowing and the economy growing at a robust clip. The Federal Reserve has also cut interest rates, bringing mortgage rates down.

Wages for U.S. workers tracked up in September as average hourly earnings for all employees on private, non-farm payrolls increased by 13 cents, or 0.4%, to $35.36, according to the Labor Department. Over the past 12 months, average hourly earnings have increased by 4%.

U.S. hiring surged in September, blowing past economist expectations and rebuking concern about weakness in the labor market. The fresh report marks one of the last major pieces of economic data before the presidential election.

The latest U.S. jobs report blew away economic forecasts with 254,000 jobs added in September and slightly higher wages. Kristine Lazar reports for On Your Side.