12,000 new jobs were created in the US in October, according to recent unemployment figures. In advance, analysts expected up to 100,000 new jobs in October. The figures do not include the agricultural sector. In comparison, 223,000 new jobs were created in September. The reason why fewer new jobs were created than expected in October is believed to be hurricanes Helene and Milton which hit parts of the country. Several strikes, including at the company Boeing and among the dock workers, are also believed to be part of the cause. However, unemployment is unchanged from September and still stands at 4.1 per cent. The labor market is still considered fundamentally healthy, if not robust as it was earlier this year. The downward inflation also has a positive effect. It peaked in 2022, but has since been on a downward trend. President Joe Biden said in a statement Friday that job gains will pick up again in November. Despite hurricanes and strikes, unemployment numbers remained stable. – The American economy remains just as strong, said Biden.
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Fewer new jobs in the USA than expected – but unemployment is stable – Latest news – news
