Weather and Strikes Disrupt Job Market: October Sees Minimal Growth

In October, the U.S. labor market experienced an unexpected dip, adding just 12,000 jobs compared to the previous month’s 223,000. This sharp decline is primarily due to the effects of severe weather events and labor strikes, particularly at Boeing. While the job growth figure was surprisingly low, the stable 4.1% unemployment rate indicates that the overall labor market remains resilient despite these short-term disruptions.