Wages grew 3.1% on the year in October, the highest level in nine years, according data released Friday by the Bureau of Labor Statistics.

Jason Furman, professor of practice at Harvard Kennedy School in Cambridge, Mass., tweeted: “I’m not seeing anything bad in this jobs report. Strong hourly wage growth, even stronger weekly wage growth, higher labor force participation, lower broader underemployment, while job growth bounced back from last month and the unemployment rate remained low.” The nation’s top 1%, however, appear to have fared even better.

The average wage for the top 1% of income earners hit $719,000 per year in 2017, up 3.7% on the year, exceeding their peak of $716,000 per year just before the Great Recession, according to a report released last month by the Economic Policy Institute, a progressive, nonprofit think tank, citing data from the Social Security Administration. The average wage for the top 0.1% reached $2.7 million in 2017, the second-highest level ever, just 4% below their level in 2007.

To put that in context: The median household income in the U.S. increased 0.5% to $63,007 in September 2018, according to data released by Sentier Research on Thursday. That was the highest median household income than for any other month since January 2000. “Median annual household income has displayed a somewhat erratic pattern over the past several years. More broadly, there has been a general upward trend in median household income since the post-recession low point reached in June 2011,” the report said.

Don’t miss:‘Americans are leading double lives’—start planning and stop dreaming

Income inequality has soared in the U.S. over the last five decades, despite increases in worker productivity, the report said. “Incomes for most Americans have been stagnant for four decades,” according to a separate report released earlier this year by the staff of Keith Ellison, a Democratic congressman for Minnesota. “Instead, this increase in income inequality was almost entirely driven by soaring compensation levels for the top 1% of income earners.”

Average wage growth for most working Americans continues to flat line in 2018, the EPI said. “Some of this real wage stagnation can be explained by an uptick in energy prices, but even the underlying pace of nominal wage growth has yet to pick up in the way it historically has as labor markets tightened,” it said.

Also see:During a stock-market selloff, how would you invest $100,000?

For most U.S. workers, real wages have barely budged in decades, the Pew Research Center said in August. “On the face of it, these should be heady times for American workers. U.S. unemployment is as low as it’s been in nearly two decades,” the Washington, D.C.-based think tank said. “In fact, despite some ups and downs over the past several decades, today’s real average wage — after accounting for inflation — has about the same purchasing power it did 40 years ago.”