Eurasia Review on Nostr: Private-Sector Jobs Went Negative In October: Will The Fed Panic Again? – Analysis ...
Private-Sector Jobs Went Negative In October: Will The Fed Panic Again? – Analysis
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US economy added only 12,000 payroll jobs in October 2024; total private jobs fell by 28,000, marking the worst employment report since 2020; private employment fell for the first time in 46 months; total government jobs grew by 40,000; total employed workers fell by 368,000; full-time employment has been negative for nine consecutive months; temp jobs at lowest level in over a decade; PMI manufacturing index fell to 46.5%, indicating contraction; bond markets expect Fed to cut target rate by at least 25 basis points; potential for stagflation as inflation and recession may occur simultaneously.
#UsEconomy #JobsReport #FederalReserve #Inflation #Employment #GovernmentJobs #Recession #BondMarket #Pmi #Stagflation
https://www.eurasiareview.com/03112024-private-sector-jobs-went-negative-in-october-will-the-fed-panic-again-analysis/
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US economy added only 12,000 payroll jobs in October 2024; total private jobs fell by 28,000, marking the worst employment report since 2020; private employment fell for the first time in 46 months; total government jobs grew by 40,000; total employed workers fell by 368,000; full-time employment has been negative for nine consecutive months; temp jobs at lowest level in over a decade; PMI manufacturing index fell to 46.5%, indicating contraction; bond markets expect Fed to cut target rate by at least 25 basis points; potential for stagflation as inflation and recession may occur simultaneously.
#UsEconomy #JobsReport #FederalReserve #Inflation #Employment #GovernmentJobs #Recession #BondMarket #Pmi #Stagflation
https://www.eurasiareview.com/03112024-private-sector-jobs-went-negative-in-october-will-the-fed-panic-again-analysis/