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October jobs report was a ‘head fake.’ Look at these numbers instead before Election Day.
A jobs report skewed by hurricanes and a strike at Boeing landed on voters’ radar with less than a week until Election Day, scrambling the picture of the U.S. economy as Kamala Harris and Donald Trump prepare to face off against each other after one of the most bitter presidential campaigns in recent memory.
October jobs report shows slower hiring in the wake of strikes, hurricanes
Employers added just 12,000 jobs in October as hiring slowed substantially. The total was expected to be constrained by two Southeast hurricanes and several worker strikes, but the tally was far lower than what was estimated and job gains for previous months were revised sharply downward, raising concerns about a weakening labor market.
U.S. economy added just 12,000 jobs in October, impacted by hurricanes, Boeing strike
Job creation in October slowed to its weakest pace since late 2020 as the impacts of storms in the Southeast and a significant labor impasse dented the employment picture.
October jobs report: U.S. nonfarm payrolls grew by just 12,000 amid Boeing strike, hurricanes
Nonfarm payroll increased by a meager 12,000 in October, well off what was forecasted by Wall Street but the numbers come with some important caveats, the Labor Department said in its report on Friday.
Strikes and hurricanes don't explain away all the October jobs report weakness: economist
Yes, it was a noisy October jobs report thanks to a pair of hurricanes and strikes, but that doesn't fully account for a disappointing reading, said Samuel Tombs, chief U.S. economist at Pantheon Macroeconomics,
The October Jobs Numbers Drop Was More Than Hurricanes And Strikes
Getting survey information in after the hurricanes was harder than usual; however, it’s become increasingly difficult over the years.
October Jobs Report Falls Short
Between back-to-back hurricanes and tens of thousands of Boeing workers on strike, economists had low expectations for the October jobs report released Friday. The data failed to meet even those diminished expectations by a wide margin,
5d
October jobs report: 12,000 jobs added as hurricanes, Boeing strike skew data
Not every Wall Street firm is satisfied to chalk up a poor
October
jobs
report to strikes and hurricanes. Citibank ...
5d
Jobs, With Revisions, Show A Net 100,000 Jobs Lost For October
Financial writer discusses job creation and inflation data, highlighting potential stagflation despite recent economic ...
5d
Major disappointment with just 12,000 jobs in October: Key facts and figures in last report before election
The economy added far fewer jobs than expected in October, bad news for Vice President Kamala Harris just ahead of the ...
5d
Why the stock market is unfazed by October's jobs data miss
The three major indexes (^DJI,^GSPC, ^IXIC) are moving higher after the jobs report showed the unemployment rate held steady ...
ConsumerAffairs
5d
The economy added just 12,000 jobs in October
The U.S. economy added just 12,000 jobs in October as hiring was held down by strikes and storm damage in the Southeastern ...
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