Hit by storms & labour union strikes, US payrolls increase by just 12,000

Quick Summary:

The BLS continues to survey firms in subsequent months, which usually boosts the response rate close to or above 90 per cent and can lead to large revisions.

BLS said two hurricanes that hit the Southeast US likely affected hiring in some industries, but it wasn’t possible to quantify the net effect on the change in employment, hours or earnings last month.

The unemployment rate held steady, but the number of people who lost their jobs increased by the most since February and fewer people left their jobs.

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Article Details

Category: BusinessFinance

Markets: IndiaOman

Topics: US unemployment Labour union strike Storm US labour payroll US economy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 21:49:24 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 1190 words

Reading Time: 7 minutes read

Sentences: 49 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23365607

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