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US job growth cools in October to 150K
while unemployment unexpectedly rises

Original Article

Posted By: formerNYer, 11/5/2023 11:44:50 PM

U.S. job growth slowed more than expected in October, a sign the labor market is finally softening in the face of higher interest rates, stubborn inflation and other economic uncertainties. Employers added 150,000 jobs in October, the Labor Department said in its monthly payroll report released Friday, missing the 180,000 jobs forecast by Refinitiv economists. The unemployment rate, meanwhile, unexpectedly ticked up to 3.9% — the highest level in nearly two years. The pickup in the jobless rate suggests that layoffs are on the rise; the survey of households shows that the number of workers laid off rose in October by 92,000 from the previous month.

Comments:

"Unexpectedly" shame on you Fox Business, shame on you.

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Reply 1 - Posted by: franq 11/6/2023 6:02:16 AM (No. 1592853)
They can print any number they want. They can say whatever they want. They can give any poll result they want. They can claim the seas have risen 1mm (.039"). I don't care. Too many lies for too long.
6 people like this.

Reply 2 - Posted by: Bur Oak 11/6/2023 6:45:02 AM (No. 1592874)
The Bureau of Labor Statistics employment numbers for October will be quietly reduced next month.
7 people like this.

Reply 3 - Posted by: NamVet70 11/6/2023 7:19:49 AM (No. 1592895)
Unexpectedly!
3 people like this.

Reply 4 - Posted by: Strike3 11/6/2023 7:41:26 AM (No. 1592914)
It's unexpected if you live under a mushroom and eat the Schiff with which they regularly feed you.
4 people like this.

Reply 5 - Posted by: whyyeseyec 11/6/2023 9:45:04 AM (No. 1592992)
'Unexpectedly' was the Number One buzzword during the 8 year disaster known as the Obama Regime. Looks like Fox Business is resurrecting the term. Seems everything that is destined to go wrong during a Dem Regime is unexpected.
2 people like this.

Reply 6 - Posted by: NorthernDog 11/6/2023 10:06:39 AM (No. 1593016)
This is just anecdotal but I notice more and more restaurants and small businesses shuttering. Our favorite Chinese place abruptly closed due to a huge increase in rent. A nearby strip mall is nearly 50% empty. Even some of the 'head shops' are closing since it's way cheaper to buy MJ off the street.
0 people like this.

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US job growth cools in October to 150K
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Posted by formerNYer 11/5/2023 11:44:50 PM Post Reply
U.S. job growth slowed more than expected in October, a sign the labor market is finally softening in the face of higher interest rates, stubborn inflation and other economic uncertainties. Employers added 150,000 jobs in October, the Labor Department said in its monthly payroll report released Friday, missing the 180,000 jobs forecast by Refinitiv economists. The unemployment rate, meanwhile, unexpectedly ticked up to 3.9% — the highest level in nearly two years. The pickup in the jobless rate suggests that layoffs are on the rise; the survey of households shows that the number of workers laid off rose in October by 92,000 from the previous month.
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