Wages are up. Buying power? Not so much.

Friday’s jobs report was full of good news: More than half a million jobs were added in October. Wages rose again — especially in low-paying sectors — and are now up 4.9% year over year. But inflation is chipping away at those gains, and workers may lose leverage as more people enter the workforce. Also in today’s episode: The Weekly Wrap, what it means when a company is “water-positive” and gyms see gains as more people decide to work out outside home.