Reported 25 days ago
In October, the US economy added only 12,000 jobs, a significant drop from the previous month's 223,000, largely due to the impact of hurricanes and the Boeing strike. Despite this slowdown, the unemployment rate remained steady at 4.1%, while average hourly earnings rose by 4% compared to the previous year. Economists had anticipated a gain of 100,000 jobs, reflecting ongoing challenges in the labor market. However, both the economy's growth and potential upcoming adjustments by the Federal Reserve indicate that this dip could be temporary.
Source: YAHOO