October Jobs Report Shows Hiring Slowed Amid Storms and Strikes

U.S. payrolls grew by only 12,000 in October, a figure that left markets placid but fueled political contention. Unemployment remained 4.1 percent.

Business - The New York Times - 3 hours ago

Friday's jobs report is expected to show the slowest pace of hiring in years

Economists expect the Bureau of Labor Statistics to report that payrolls expanded by just 100,000 on the month.

Business - CNBC - 12 hours ago

ADP jobs report shows 233,000 gain in private-sector hiring — much stronger than expected

U.S. businesses 233,000 new jobs in October to mark the biggest gain in 14 months, paycheck company ADP said, suggesting the labor market is somewhat stronger than previously believed.

Business - MarketWatch - 2 days ago

October jobs take a hit from hurricanes, strike

This month's report reflects a lot of noise due to hurricanes, Boeing machinists strike.

Politics - CBS News - 8 hours ago

October jobs forecast shaved to 110,000 after Boeing strike and hurricanes

The final U.S. jobs report before the presidential election is expected to be a crummy one, but it’s not Washington’s doing. Instead, a major strike at Boeing and a pair of deadly hurricanes would ...

Business - MarketWatch - Yesterday

U.S. job growth in October hampered by hurricanes and Boeing strike

The Labor Department has released October's jobs report with employment growth slowed during the month due to Hurricanes Milton and Helene along with the Boeing strike. CBS News MoneyWatch ...

US adds only 12,000 jobs in October in final report before election

Average monthly job gains in 2024 had been about 200,000, but new figures affected by Boeing strike and hurricanes. The US added just 12,000 jobs in October, the last snapshot of the employment ...

World - The Guardian - 8 hours ago

Biden going on campaign trail after weak October jobs report

President Biden will head back out on the campaign trail over the weekend after a rough week for his administration that began with backlash over Mr. Biden appearing to call Trump supporters ...

Squinting for good news in a bad October jobs report? Here it is.

Like a squirrel trying to find an acorn in a grassy field, it’s hard to find a nugget of good news in a bad October jobs report. The unemployment rate staying at 4.1% might be the only one that ...

Business - MarketWatch - 3 hours ago

US adds just 12,000 jobs as storms and strikes hit labour market

October figure far below average forecast of 100,000 job gains and comes just four days before US election

Business - Financial Times - 1 hour ago

Boeing strike will dent last jobs report before election

Some 44,000 U.S. workers, most at Boeing, were on strike during the jobs report tally, according to the U.S. Labor Department.

Business - CNBC - Yesterday

White House blames jobs reports on hurricanes and labor strikes

The White House on Friday blamed the stall in job growth in October on the hurricanes and labor strikes in recent weeks. The U.S. added 12,000 jobs and the jobless rate stayed flat at 4.1 percent ...

Politics - The Hill - 2 hours ago

Jobs report offers blurry snapshot of economy days before election: What to know

The latest jobs report data is incomplete due to one-off disturbances last month.

U.S. economy added just 12,000 jobs in October, impacted by hurricanes, Boeing strike

Nonfarm payrolls were expected to increase by 100,000 in October, according to the Dow Jones consensus estimate.

Business - CNBC - 5 hours ago

U.S. added just 12,000 jobs in October, reflecting impact of strikes and 2 devastating hurricanes

The U.S. added just 12,000 jobs last month, a figure economists say was impacted by two hurricanes and a strike.

The October jobs report comes at a crucial moment — but don’t expect clear answers on the economy

Job gains in October will likely be dragged down by one-off events like Hurricane Milton and the Boeing strike. Here’s how that could muddy the waters for investors and the Fed.

Business - MarketWatch - 2 days ago

October jobs report was a ‘head fake.’ Look at these numbers instead before Election Day.

A jobs report skewed by hurricanes and a strike at Boeing landed on voters’ radar with less than a week until Election Day, scrambling the picture of the U.S. economy as Kamala Harris and Donald ...

Business - MarketWatch - 5 hours ago

Employers Added Just 12,000 Jobs in October—but There’s a Catch

Storms and strikes are complicating the true picture of the labor market, economists say. Nonetheless, there’s still evidence of a gradual cooling.

Business - Inc. - 8 hours ago

Here’s where the jobs are for October 2024 – in one chart

The jobs report for October came in much weaker than expected, and employment growth across different industries painted a mixed picture for the U.S. economy.

Business - CNBC - 4 hours ago

Job growth stalls in October as Election Day looms

Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Job growth stalls in October as Election Day looms Economists were bracing for a ...

Politics - The Hill - 1 hour ago

L’Oréal sales disappoint due to weak Chinese demand

Revenue at world’s biggest beauty company grew 3.4 per cent in third quarter, when analysts expected 6 per cent

Business - Financial Times - October 22

Porsche AG Sales Fall Amid Slow EV Market, China Woes

Porsche AG posted lower sales and operating profit as it faced challenges in China and a slower-than-expected shift to electric vehicles.

Business - The Wall Street Journal - October 25

Faulty jobs data leaves UK hiring picture uncertain, economists say

Minimum wage rise in Budget at time of labour market uncertainty could lead to more unemployment

World - Financial Times - 5 days ago

Businesses warn Labour’s £25bn ‘tax on jobs’ will hurt hiring

Companies criticise rise in employers’ national insurance contributions

Business - Financial Times - 2 days ago

Queen's University to cut jobs as it faces £11m deficit

The university told BBC News NI it is planning to cut the jobs through a voluntary redundancy scheme.

Passengers stuck on planes and homes without power

Northern Ireland Electricity restored power to more than 10,000 customers over the course of Sunday.

Job growth stalls at 12,000 in October after hurricanes upend Southeast

The U.S. added 12,000 jobs and the jobless rate stayed flat at 4.1 percent in October, according to data released Friday by the Labor Department, upending a string of strong economic data leading ...

Politics - The Hill - 8 hours ago

U.S. economy adds 12,000 jobs in October, unemployment rate stays at 4.1%

The U.S. economy added 12,000 jobs during October, significantly less than expected. The unemployment rate held steady at 4.1%. NBC News’ Brian Cheung and Investopedia’s Editor-in-Chief Caleb ...

Bond traders shake off weak jobs report, send 10-year Treasury yield to 4-month high

Long-dated Treasury yields ended at their highest levels since early July on Friday as traders looked past October’s nonfarm-payrolls report, which came in well below expectations.

Business - MarketWatch - 1 hour ago

Morning Report — Trump, Puerto Rico and the October surprise?

In today’s issue: One week to go. Seven days before Election Day, Vice President Harris and former President Trump are making their closing arguments to voters, and their last-week appearances ...

Politics - The Hill - 3 days ago

'Fairytales and lies' - Ten Hag condemns job reports

Manchester United manager Erik ten Hag accuses the media of making up "fairytales and lies" about his future.

Pre-Election Jobs Report Will Present a Muddled Picture

Less than a week before the presidential vote, employment figures will reflect hurricane damage and a long strike at Boeing.

Business - Inc. - 2 days ago

Democrats braced for jobs report blow ahead of election

Lacklustre data could obscure an ‘incredibly healthy’ employment market and weigh on Kamala Harris’s prospects

Business - Financial Times - Yesterday

Latest in October Jobs Report Shows Hiring Slowed Amid Storms and Strikes