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US job growth slows sharply in October; unemployment rate unchanged at 4.1%

  • In October, America's employers added just 12,000 jobs, a significant drop from 223,000 in September, due to disruptions from strikes and hurricanes.
  • The unemployment rate remains steady at 4.1%, indicating a solid job market despite slow job growth.
  • There were 7.4 million job openings reported in September, the lowest since early 2021, while 3.1 million Americans quit their jobs.
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