In October, the U.S. economy added just 12,000 jobs, down from 223,000 in September, amid disruptions.

In October, the U.S. economy added only 12,000 jobs, a sharp decline from September's 223,000. This slowdown is largely attributed to the impacts of hurricanes and strikes, which temporarily removed many workers from payrolls. Despite this decrease, the unemployment rate held steady at 4.1%. Economists suggest the disruptions may have led to a loss of up to 100,000 jobs, indicating potential challenges ahead for the labor market.

November 01, 2024
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