Published On Nov 1, 2024, 8:33 AM
In October, the U.S. economy added only 12,000 jobs, significantly below the forecasted increase of 113,000 jobs by LSEG economists. The unemployment rate remained stable at 4.1%. Additionally, previous job growth figures for August and September were both revised downward, indicating a slowdown in employment growth.
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The disappointing jobs report suggests that the U.S. economy might be experiencing a slowdown, which could lead to decreased investor confidence and negatively impact market sentiment.
Nov 1, 2024, 5:53 AM
Economists expect that employers added 110,000 jobs in October, a slowdown that would partly reflect hurricane disruptions and labor strikes.
Nov 1, 2024, 5:53 AM
Some employers say they have been wary to expand until the outcome of the presidential election is known.
Nov 1, 2024, 4:00 AM
In nearly every area of American life, the 2024 election and its stakes are on the tip of everyone's tongue. But not on earnings calls.