Payrolls Miss But Wages Accelerate (THE START OF RUNAWAY INFLATION??)

``Payrolls climbed by 161,000 last month following a 191,000 gain in September that was larger than previously estimated, a Labor Department report showed Friday. The median forecast in a Bloomberg survey called for 173,000... Wage gains picked up, with average hourly earnings rising 0.4 percent from a month earlier to $25.92. The year-over-year increase was 2.8 percent, compared with 2.7 percent in the year ended in September.'' -- As Casey has been saying, something has changed w/r/t inflation -- it seems to be kicking out of the "deflationary" box and building a base. This might be part of a major sea change.