Making Sense

More questions than answers in the October jobs report

Nov 1, 2024
The October jobs report reveals only 12,000 new non-farm jobs, stirring discussions about the impact of hurricanes and strikes on the economy. Analysts emphasize declining payroll growth and suggest a stabilizing labor market. The steady 4.1% unemployment rate raises concerns over permanent job losses and hints at a possible rate cut by the Federal Reserve. Upcoming elections and their influence on monetary policy add to the economic uncertainty and market volatility.
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