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Bloomberg Businessweek
US Payrolls Increase by Just 12,000, Hit by Storms and Strikes
Nov 1, 2024
Michael McKee, Bloomberg's International Economics Correspondent, delves into the disappointing October jobs report and its effects on the upcoming presidential election. Martha Heller discusses the rising demand for AI skills, highlighting its impact on the workforce. Mark Gurman analyzes Apple's earnings forecast amid challenges in China. Jenna Stauffer explains how housing affordability impacts political dynamics as elections approach. Carol Schleif shares strategies for navigating market volatility ahead of significant economic events.
49:49
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Quick takeaways
- The October jobs report reveals a mere 12,000 increase in payrolls, largely influenced by severe storms and significant strikes in manufacturing.
- The politicization of job growth data reflects deeper tensions between political narratives and economic realities, especially in an election year.
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