Friday, November 01, 2024

Job growth flatlines in hurricane-disrupted reading

The U.S. economy added just 12,000 jobs in October, the government said Friday in the final report before the presidential election. Why it matters: Disruptions from hurricanes and labor strikes limited job creation, but the unemployment rate held at 4.1%, a clue the labor market is still solid.

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More from the article...

... What they're saying: "It is likely that payroll employment estimates in some industries were affected by the hurricanes," the government said in a release.

- - - The government also noted that employment fell in manufacturing " the sector lost 46,000 jobs in October, nearly all in transportation " due to strike activity. The culprit was likely Boeing. ...


#1 | Posted by LampLighter at 2024-11-01 12:29 PM

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