US Labor Market Slows in October, Nonfarm Payrolls Rise by Just 150,000
The US labor market experienced a slowdown in October, with nonfarm payroll numbers rising by only 150,000, a significant drop from earlier in the year. The unemployment rate also saw a slight increase, rising from 3.8% to 3.9%. Despite the lower-than-expected growth, some analysts suggest that the economy remains resilient. The healthcare, government, and social assistance sectors saw job increases, while the manufacturing sector experienced a setback due to the United Auto Workers strike. Despite the deceleration in job growth, there was a modest uptick in wages.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Metaplanet secures deal to launch Bitcoin Magazine Japan
Pump fun generates $215M amid livestream misuse backlash
Whale shifts $2.71M from PEPE to EIGEN token
XLM rallies 600% in November as derivatives soar