In October, the US added just 12,000 jobs, significantly lower than the expected 120,000, heavily affected by the Boeing strike and hurricanes.
The unemployment rate remained unchanged at 4.1%, with the October job creation figure being the weakest since December 2020, indicating a cooling jobs market.
Despite the recent setbacks, some economists were surprised by the ongoing strength of the jobs market amidst rising interest rates directed to curb inflation.
The latest report also revised job figures for August and September downward, adding to the uncertainties surrounding job growth rates and economic stability.
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