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Drudge Retort: The Other Side of the News
Friday, November 01, 2024

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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... 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 | Reply

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