Published 9 months ago

US added 150,000 jobs in October as pace of growth slows sharply

The United Auto Workers’ strikes against Detroit’s automakers in October caused a decrease in job growth, but most other sectors saw solid job gains.
Despite the decrease in job gains, the U.S. Economy added 150,000 jobs in October, indicating that many companies are still hiring.
Average hourly pay increased slightly in October, with a 4.1% rise in average hourly earnings over the past 12 months, but wage gains have been slowing.

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Times of India

US employers pulled back on hiring in October, adding 150,000 jobs in face of higher borrowing rates

The US labor market showed signs of cooling in October as employers added 150,000 jobs, a decrease from the previous month but still indicating a resilient economy. The United Auto Workers' strikes against Detroit's automakers contributed to the lower job growth, but most sectors experienced solid gains. Wage pressures also eased, and the unemployment rate rose slightly to 3.9%. The Federal Reserve is monitoring these developments as it consider…

9 months ago·India

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The Guardian

US added 150,000 jobs in October as pace of growth slows sharply

Market cools as number of jobs added comes in lower than the 180,000 that economists had been expecting

9 months ago·London, United Kingdom

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Reuters

US job growth slows in October; unemployment rate rises to 3.9%

U.S. job growth slowed more than expected in October in part as strikes by the United Auto Workers (UAW) union against Detroit's "Big Three" car makers depressed manufacturing payrolls, while wage inflation cooled, pointing to an easing in labor market conditions.

9 months ago·United Kingdom

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Associated Press News

US employers scaled back their hiring in October, adding 150,000 jobs in the face of higher borrowing rates

WASHINGTON (AP) — US employers scaled back their hiring in October, adding 150,000 jobs in the face of higher borrowing rates.

9 months ago·United States

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USA Today

The economy added 150,000 jobs in October as hiring slowed, report shows

Nonfarm payrolls grew by 150,000 last month amid high inflation and interest rates. The unemployment rate was at 3.9%

9 months ago·United States

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abc News

US jobs report for October could show solid hiring as Fed watches for signs of inflation pressures

America’s employers likely kept hiring at a healthy pace last month, defying high interest rates, rising pressure on consumers and labor strikes that idled big swaths of the nation’s auto industry

9 months ago·United States

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