Reported 26 days ago
The October jobs report shows the US economy added only 12,000 jobs, falling short of the expected 100,000, due to the impact of recent hurricanes and a Boeing workers' strike. The unemployment rate remained unchanged at 4.1%, while manufacturing jobs fell by 46,000. Wage growth did see a slight increase to 4.1% year-over-year, indicating ongoing inflation pressures. Overall, the labor market continues to cool, suggesting potential interest rate cuts by the Federal Reserve in the near future.
Source: YAHOO