Rural Radio Network on Nostr: US hiring slows but hurricane fallout blurs findings ========== U.S. hiring slowed in ...
US hiring slows but hurricane fallout blurs findings
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U.S. hiring slowed in October 2024, adding only 12,000 jobs, significantly below economist expectations of 90,000; unemployment rate remains at 4.1%; hiring in October sharply decreased from 254,000 jobs added in September; Hurricane Milton made landfall in Florida on Oct. 9, causing disruptions; Hurricane Helene impacted recovery efforts in late September; approximately 33,000 Boeing workers went on strike in mid-September; Bank of America estimates hiring was 50,000 jobs lower due to hurricanes and strikes; U.S. GDP grew at a 2.8% annualized rate for the three months ending in September; inflation rate at 2.1% year-over-year as of September; Fed expected to cut interest rates by 0.25% on Nov. 7.
#UsEconomy #Hiring #Unemployment #Hurricanes #BoeingStrike #Gdp #Inflation #FederalReserve #EconomicData #October2024
https://ruralradio.com/ktic/abc_news/us-hiring-slows-but-hurricane-fallout-blurs-findings-abcidc373ea0a/
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U.S. hiring slowed in October 2024, adding only 12,000 jobs, significantly below economist expectations of 90,000; unemployment rate remains at 4.1%; hiring in October sharply decreased from 254,000 jobs added in September; Hurricane Milton made landfall in Florida on Oct. 9, causing disruptions; Hurricane Helene impacted recovery efforts in late September; approximately 33,000 Boeing workers went on strike in mid-September; Bank of America estimates hiring was 50,000 jobs lower due to hurricanes and strikes; U.S. GDP grew at a 2.8% annualized rate for the three months ending in September; inflation rate at 2.1% year-over-year as of September; Fed expected to cut interest rates by 0.25% on Nov. 7.
#UsEconomy #Hiring #Unemployment #Hurricanes #BoeingStrike #Gdp #Inflation #FederalReserve #EconomicData #October2024
https://ruralradio.com/ktic/abc_news/us-hiring-slows-but-hurricane-fallout-blurs-findings-abcidc373ea0a/