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the Bureau of Labor Statistics. The unemployment rate rose to 3.9%, and the labor force participation rate was at 62.7%. The United Auto Workers strike is said to have lowered the job numbers by around 30,000 for October. said the report reflected"a slowdown in the labor market" that"will complicate some of the messaging coming out of the White House, which has been working to credit President Joe Biden for the strong job creation over the past year."U.S.
Easing hiring and wage growth could be a sign that the economy is starting to slow after a red-hot summer. On Wednesday, Federal Reserve Chair... The headline job growth number in Friday’s employment report from the Bureau of Labor Statistics was less than most economists had projected. It was also well below September's gain of 297,000 jobs, after revisions. August's job creation was also revised down, meaning that there were 101,000 fewer jobs added in those two months than previously thought.
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US job growth probably slowed in October due to UAW strikeU.S. job growth likely slowed in October partly due to strikes by the United Auto Workers (UAW) union against Detroit's 'Big Three' car makers, which depressed manufacturing payrolls.
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Job growth slowed to 150,000 in OctoberZachary Halaschak is an economics reporter at the Washington Examiner. Before moving to Washington, he worked in Alaska, covering politics, government, and crime for the Ketchikan Daily News. While there, Zach won the Alaska Press Club’s second-place award for best reporting on crime or courts for his coverage of a local surgeon’s alleged murder.
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U.S. Job Growth Slowed To 150,000 In October; Entertainment Employment Continues To Fall Due To StrikeThe U.S. economy added 150,000 jobs in October, much less than the previous month, while the unemployment rate was steady at 3.9%. While some of the biggest job losses were in manufacturing due to …
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US job growth slows in October; unemployment rate rises to 3.9%U.S. job growth slowed more than expected in October in part as strikes by the United Auto Workers (UAW) union against Detroit's 'Big Three' car makers depressed manufacturing payrolls, while wage inflation cooled, pointing to an easing in labor market conditions.
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What to Watch in Friday’s Jobs Report: How Long Can Labor Market Keep Booming?Economists say hiring slowed in October while wage gains appeared to be cooling
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Nonfarm Payrolls Preview: US NFP growth set to lose momentum in OctoberThe Bureau of Labor Statistics (BLS) is due to release the highly-anticipated Nonfarm Payrolls (NFP) report from the United States (US) on Friday, which could have major ramifications for US Federal Reserve (Fed) policy outlook.
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