Weak US Job Growth in October Affected by Storms and Strikes

Reported 25 days ago

U.S. job growth significantly slowed in October, increasing by just 12,000 jobs, following disruptions caused by hurricanes and aerospace factory strikes, while the unemployment rate remained steady at 4.1%. Economists had anticipated a larger increase, and despite the disappointing figures, early market reactions suggest continued confidence in a potential rate cut by the Federal Reserve in November.

Source: YAHOO

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