Reported 25 days ago
Despite only adding 12,000 jobs in October, significantly below forecasts, Acting US Labor Secretary Julie Su insists the job market is strong. She attributes the low figures to extraordinary circumstances, including hurricanes and labor strikes, while emphasizing that GDP growth, declining inflation, rising real wages, and a stable unemployment rate signify overall market stability. Su noted that the unemployment rate has remained around 4% for a historically prolonged period and expects a recovery in job growth in future reports.
Source: YAHOO