U.S. Added Just 12,000 Jobs In October As Hurricanes And Labor Strike Impact Final Report Before Election; Unemployment Rate Stays At 4.1%
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deadline.comThe final jobs report before the 2024 presidential election showed a muddled picture, with job gains dropping significantly in October amid the disruption from major hurricanes and a Boeing labor strike.
Just 12,000 jobs were added to payrolls, which is below expectations and a drop from the 223,000 added the previous month. The unemployment rate remained essentially unchanged at 4.1%.
The Bureau of Labor Statistics, which gathers the data, cautioned that the weather disasters had an impact on its survey collection.
After a period of job losses, employment in movies and sound recordings rose by 2,600 to 448,000. Employment in broadcasting and among content providers dropped by 3,300 to 333,000.
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