U.S. Added 12,000 Jobs In October - Far Worse Than Expected

[JANASENA]

The U.S. added 12,000 jobs last month, according to the Bureau of Labor Statistics’ estimate of the number of nonfarm payroll additions.

That falls far short of median economist estimates of 110,000, according to Dow Jones data, while it’s well below September’s initially reported 254,000 job additions.

October was the weakest month for job growth since Dec. 2020.

The unemployment rate came in at 4.1%, matching economists forecasts of a 4.1% jobless rate, where it stood in September.

 

[Joker_007]

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