New jobs surged in October and wages rose by the largest year-over-year amount in nearly a decade.

Here's a roundup up of the financial news you need to know.

Real disposable income — personal income after taxes, adjusted for inflation and divided by the number of people in U.S. — in the 12 months ended October 31, grew 2.8%. In the five-year economic boom preceding The Great Recession, real personal disposable personal income grew by 2.2%. In the last 12 months, RDPI grew 30% faster than in the last expansion.