October jobs take a hit from hurricanes, strike
CBSN
U.S. payrolls rose by 12,000 in October, well below economists' estimate of 100,000, marking one of the slowest months for hiring in years.
Unemployment held steady at 4.1%. The lackluster report reflects a dent in hiring attributed to Hurricanes Milton and Helene, and a Boeing machinists strike, which temporarily prevented some people from working in Florida and North Carolina.
It's the last jobs report to be released before Election Day Tuesday. Economists say this month's report is less informative than usual jobs reports due to noise caused by the storms and strike.
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U.S. payrolls rose by 12,000 in October, well below economists' estimate of 100,000, marking one of the slowest months for hiring in years.
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