The Japan News on Nostr: US Employers Added just 12,000 Jobs Last Month as Hurricanes and Strikes Sharply ...
US Employers Added just 12,000 Jobs Last Month as Hurricanes and Strikes Sharply Reduce Payrolls
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In October 2024, US employers added only 12,000 jobs, a significant drop from 223,000 in September; the job market was impacted by Hurricanes Helene and Milton and strikes at Boeing, which economists estimate reduced job growth by up to 100,000; the unemployment rate remained steady at 4.1%; temporary job placement firms lost 49,000 jobs, while healthcare added 52,000; revisions showed a combined loss of 112,000 jobs in August and September; the economy grew at a 2.8% annual rate last quarter; inflation has decreased, prompting the Fed to consider interest rate cuts; 7.4 million job openings were reported in September, the lowest since January 2021; 3.1 million Americans quit their jobs in September, indicating reduced confidence in job prospects; employers are finding it easier to hire, but challenges remain in finding qualified workers.
#Jobs #Economy #Unemployment #Hurricanes #Strikes #Inflation #EmploymentReport #LaborMarket #Boeing #FederalReserve
https://japannews.yomiuri.co.jp/news-services/ap/20241102-220204/
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In October 2024, US employers added only 12,000 jobs, a significant drop from 223,000 in September; the job market was impacted by Hurricanes Helene and Milton and strikes at Boeing, which economists estimate reduced job growth by up to 100,000; the unemployment rate remained steady at 4.1%; temporary job placement firms lost 49,000 jobs, while healthcare added 52,000; revisions showed a combined loss of 112,000 jobs in August and September; the economy grew at a 2.8% annual rate last quarter; inflation has decreased, prompting the Fed to consider interest rate cuts; 7.4 million job openings were reported in September, the lowest since January 2021; 3.1 million Americans quit their jobs in September, indicating reduced confidence in job prospects; employers are finding it easier to hire, but challenges remain in finding qualified workers.
#Jobs #Economy #Unemployment #Hurricanes #Strikes #Inflation #EmploymentReport #LaborMarket #Boeing #FederalReserve
https://japannews.yomiuri.co.jp/news-services/ap/20241102-220204/