October jobs report: U.S. nonfarm payrolls grew by just 12,000 amid Boeing strike, hurricanes

01 Nov 2024, 15:19 by Clyde Hughes · UPI

Nov. 1 (UPI) -- U.S. job growth for October fell far below Wall Street's expectations amid impacts from hurricanes in the Southeast and Boeing's machinists strike, the Bureau of Labor Statistics reported Friday.

The monthly employment summary showed that nonfarm payrolls increased by 12,000 in October from the previous month, while unemployment was unchanged at 4.1%.