October Jobs Report: A Stumble in the Face of Storms and Strikes
The October jobs report, released on November 1st, revealed a significant slowdown in hiring, painting a complex picture of the current labor market. Nonfarm payrolls increased by a mere 12,000 jobs, a stark contrast to the 112,500 economists had predicted and a significant drop from the revised 223,000 jobs added in September. The unemployment rate…