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 - 2 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.

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. - 4 hours ago

US adds just 12,000 jobs as hurricanes and strikes produce worst report of Biden’s term

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

Business - Financial Times - 4 minutes ago

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 ...

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 ...

US economy added only 12,000 jobs in October in shock pre-election drop – as it happened

Live, rolling coverage of business, economics and financial markets as non-farm payrolls numbers deliver economic surprise days before presidential election. Oil prices have risen by 2% after ...

World - The Guardian - 2 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

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 - 4 hours 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 - 4 hours ago

U.S. industrial output falls in September, held down by Boeing strike and hurricanes

U.S. industrial production fell 0.3% in September, held down by the strike at Boeing Co and by the two recent hurricanes, the Federal Reserve reported Thursday.

Business - MarketWatch - October 17

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 - 4 hours ago

How back-to-back hurricanes could impact insurance rates across the U.S.

As Florida residents recover from hurricanes Milton and Helene, experts say the damage will likely worsen the home insurance crisis in the state and could lead to higher rates nationwide. CBS News ...

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 - 22 hours ago

Final jobs report before election likely to see hurricane impact — masking some economic gains

The U.S. economy remains on solid footing.

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 - Yesterday

How is the economy really doing just weeks before the U.S. election?

With only weeks before the November 5 election, here's how top economists assess the health of the U.S. economy.

What Boeing is offering to striking machinists

Boeing machinists began voting Wednesday on a new contract offer from the company to potentially end their nearly six-week-long strike. CBS News senior transportation correspondent Kris Van Cleave ...

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 - 46 minutes ago

The economy grew 2.8% last quarter. Here's how that impacts you

The government released its latest GDP number, which is a measure of the change in the economy's size. The report shows it grew at an annual rate of 2.8% in the third quarter of the year. CBS News ...

Impact Plastics sued by family of worker killed by Hurricane Helene

The lawsuit claims Impact Plastics forced workers to stay at their posts even when conditions grew dangerous.

CSX stock sees biggest drop in 3 years after railroad warns of hurricane impact, discloses SEC subpoena

Shares of CSX Corp. booked their biggest percentage drop in more than three years after the railroad operator on Wednesday said the fourth quarter would be “more challenging” in the wake of falling ...

Business - MarketWatch - October 17

‘DJT’ stock’s tripling in October is adding $4 billion to Trump’s coffers

The value of Trump’s stake in Trump Media has increased by about $4 billion in October, as investors are betting heavily that he’ll win next week’s presidential election.

Business - MarketWatch - 3 days ago

China’s exports slow sharply in September, adding to worries over the economy

China’s exports slowed sharply in September as global demand weakened, adding to worries over how to recharge growth in the world's second-largest economy

World - ABC News - October 14

Harris focuses on the economy in new Latino battlegrounds ad 'Hard Work'

Vice President Harris is releasing a new ad targeting Latinos in battleground states, focusing on her cost-of-living proposals. “Hard Work” will air in all battlegrounds with state-specific intros ...

Politics - The Hill - October 16

Harris leans into economy, abortion rights in new ads in final days of campaign

Harris' closing ads are emphasizing issues of abortion access and her economic proposals in the final full week of the 2024 presidential campaign.

Lawmakers press Boeing to resolve monthlong strike

Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Lawmakers press Boeing to resolve monthlong strike Democratic lawmakers in ...

Politics - The Hill - October 16

Boeing, union reach tentative agreement to halt strike

A tentative agreement has been reached between Boeing and the roughly 33,000 machinists that went on strike last month, the union announced Saturday. "We are finalizing the strike settlement ...

Politics - The Hill - October 19

Boeing to Bring New Offer in Attempt to End Strike

Boeing’s machinist strike is nearing its second month.

Business - Inc. - October 19

Boeing, Union Reach Wage Deal to End Strike

The Jet maker and machinists union reach a tentative deal, including an offer of a 35% wage increase, to end a strike that halted most of the company’s production.

Business - The Wall Street Journal - October 19

Boeing Warns on Cash Burn, Awaits Strike Vote

The jet maker posted its biggest quarterly loss since 2020. Striking union members are voting later on a new contract proposal.

Business - The Wall Street Journal - October 23

Boeing Machinists Reject Contract, Extending Strike

The machinists’ union members voted against a new labor deal and will the extend six-week strike.

Business - The Wall Street Journal - October 23

Boeing Workers Reject Pay Offer as Strike Continues

Strikers rejected a proposal for a 35 percent pay increase over four years by a nearly two-thirds margin.

Business - Inc. - October 24

Strike continues after Boeing workers reject deal

About 33,000 Boeing machinists remain on strike after they voted to reject a deal their union leadership had reached with the aircraft manufacturing giant. Kris Van Cleave takes a look at why they ...

Pension plan a sticking point for Boeing machinists on strike

The union representing Boeing machinists has voted to reject the company's latest contract offer, extending a costly, weeks-long strike. CBS News' Kris Van Cleave and Kelly O'Grady explain what ...

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