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 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 - 2 hours ago

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

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 - 6 hours ago

U.S. unemployment rate to stay low in 2025, top forecaster says

U.S. economic growth should moderate in 2025 but remain relatively strong, and the unemployment rate will look a little better, Harvard economist Karen Dynan said Tuesday.

Business - MarketWatch - October 15

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 - 4 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. - 6 hours ago

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 - 7 hours ago

GDP Report Shows US Economy Grew at 2.8% Rate

In a key economic report released just days before the presidential election, gross economic product rose at a 2.8 percent rate in the third quarter.

Business - The New York Times - 2 days ago

Interest rate cut hopes raised as wage growth slows

Expectations of a rate cut next month increase as pay growth slows to its lowest rate for more than two years.

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 ...

New U.S. economy data before next Fed interest rate decision

The Federal Reserve will soon announce its next interest rate move as new data trickles in about the U.S. economy. CBS News MoneyWatch correspondent Kelly O'Grady reports.

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

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 - 7 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 - 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

Bond traders shake off weak job gains for October, send 10-year yield higher

Long-dated Treasury yields turned higher into Friday afternoon trading as traders looked past October’s nonfarm payrolls report, which came in well below expectations.

Business - MarketWatch - 3 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 ...

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 - 1 hour ago

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 - 1 hour ago

Jobless rate ticks higher in October for white Americans, bucking the broader trend

The unemployment rate for white workers crept higher in October, running counter to the overall trend.

Business - CNBC - 3 hours ago

ECB cuts interest rates to support flagging eurozone economy

Fall in inflation enables central bank to bring in quarter point cut to 3.25% after business and consumer slowdown. Business live – latest updates The European Central Bank has intervened to ...

World - The Guardian - October 17

US economy continues to grow at robust rate days before presidential election

GDP rose by 2.8% in the third quarter, short of economists’ expectations of 3.1%, and driven primarily by consumer spending. The pace of US economic growth slowed over the summer but continued its ...

World - The Guardian - 2 days ago

Despite signals the U.S. economy is strong, voters are wary

Wall Street has seen six straight weeks of gains and with unemployment near a 50-year low, there are signs the economy is strong. However, the cost of everyday essentials is still a top-of-mind ...

Is the U.S. Economy Too Strong for Its Own Good?

Stocks could come crashing down from record highs if the Fed does anything besides an interest rate cut.

Business - Inc. - October 21

Analyzing the state of the U.S. economy before Election Day

CBS News polling shows most voters have long been dissatisfied with U.S. economic conditions. But does perception match reality? Kate Davidson, managing editor for U.S. economic policy for ...

Thursday Briefing: U.S. Voters Focus on the Economy

Plus, what too much sugar does to your body.

World - The New York Times - Yesterday

Mortgage rates stay high, sapping home-buying demand

Mortgage applications fell 6.7% in the last week, the Mortgage Bankers Association said.

Business - MarketWatch - October 23

Player ratings: Liverpool stay unbeaten in Champions League thanks to Núñez winner

Liverpool continue unbeaten in the UEFA Champions League with an important performance and goal from Darwin Núñez in their 1-0 win over RB Leipzig.

Sports - ESPN - October 23

Would a Strong Job Market Stop Fed Rate Cuts? This Official Says No.

Mary C. Daly, the president of the Federal Reserve Bank of San Francisco, said that the central bank shouldn’t act “out of fear.”

Business - The New York Times - October 15

The best and worst U.S. states for finding a good job in 2024

Ample job opportunities, low unemployment and reasonable commute times make this the top U.S. state for job seekers, analysis finds.

U.S. Job Growth Stalls in Days Before Vote

Employers added 12,000 jobs in October, with hiring hit by strikes and storms. The unemployment rate was steady, at 4.1 percent, in the last major report before an election in which the economy is ...

Business - The New York Times - 2 hours ago

U.S. stocks add to all-time high with more gains on Monday

U.S. stocks are rising in afternoon trading Monday building on its record set on Friday

Why several U.S. cities are seeing record-high October temps

In parts of the U.S., it's been spooky warm, with some places setting records for heat. As we get ready for Halloween, CBS News national environmental correspondent David Schechter has been taking ...

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