October jobs take a hit from hurricanes, strike

U.S. payrolls roseate by 12,000 successful October, good beneath economists' estimate of 100,000, marking 1 of nan slowest months for hiring successful years. 

Unemployment held dependable astatine 4.1%. The lackluster study reflects a dent successful hiring attributed to Hurricanes Milton and Helene, and a Boeing machinists strike, which temporarily prevented immoderate group from moving successful Florida and North Carolina. 

It's nan past jobs study to beryllium released earlier Election Day Tuesday. Economists opportunity this month's study is little informative than accustomed jobs reports owed to sound caused by nan storms and strike.

"These jobs will apt rebound quickly and adhd to occupation maturation numbers successful coming months," Economic Policy Institute main economist Josh Bivens wrote successful a investigation note.