Performing Labor Secretary Julie Su calls the month-to-month jobs report an “anomaly” resulting from labor strikes and two huge hurricanes that hit the US. However she says general labor developments are nonetheless constructive. US hiring slowed down in October with solely 12,000 nonfarm payrolls added, the bottom since 2020. Estimates known as for job development to be 100,000. Su is on “Bloomberg Open Curiosity.”
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