US Payrolls Increase by Just 12,000, Hit by Storms and Strikes
Bloomberg Businessweek
00:00
Hurricanes, Strikes, and Payroll Trends
This chapter explores the impact of hurricanes and labor strikes on U.S. job growth, revealing a disappointing increase of only 12,000 jobs amid a backdrop of significant job losses in manufacturing. The conversation also examines the political implications of employment statistics and potential revisions to these numbers, particularly as they relate to upcoming elections. Additionally, it discusses the evolving landscape of technology hiring and the critical need for AI skills amid shifting employment dynamics.
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