Financial Times on Nostr: The bad jobs report, in context ========== October's jobs report showed only 12,000 ...
The bad jobs report, in context
==========
October's jobs report showed only 12,000 jobs added; hurricanes and Boeing strike contributed to the low numbers; 33,000 Boeing workers went on strike in September; 35,000 spike in initial jobless claims in early October; 112,000 downward revisions for prior two months; Fed rate cut next week is expected; oil prices around $70 a barrel; ExxonMobil, BP, and Chevron reported poor quarters due to low oil prices; Opec+ extended production cuts by a month; Saudi Arabia hesitant to increase production due to weak demand from China; US election may influence oil prices depending on administration's actions regarding Middle East conflict.
#JobsReport #OilPrices #FedRateCut #Opec+ #SaudiArabia #BoeingStrike #Inflation #UsElection #MiddleEastConflict #EconomicAnalysis
https://www.ft.com/content/807fde4f-1b07-4549-997c-26072262bccc
==========
October's jobs report showed only 12,000 jobs added; hurricanes and Boeing strike contributed to the low numbers; 33,000 Boeing workers went on strike in September; 35,000 spike in initial jobless claims in early October; 112,000 downward revisions for prior two months; Fed rate cut next week is expected; oil prices around $70 a barrel; ExxonMobil, BP, and Chevron reported poor quarters due to low oil prices; Opec+ extended production cuts by a month; Saudi Arabia hesitant to increase production due to weak demand from China; US election may influence oil prices depending on administration's actions regarding Middle East conflict.
#JobsReport #OilPrices #FedRateCut #Opec+ #SaudiArabia #BoeingStrike #Inflation #UsElection #MiddleEastConflict #EconomicAnalysis
https://www.ft.com/content/807fde4f-1b07-4549-997c-26072262bccc