The U.S. Economy Was Expected to Add 100,000 Jobs in October—It Actually Added 12,000.

MSN Entrepenuer ^ | 11/01/2024 | Sherin Shibu

[Vendome]

he latest employment situation report from the U.S. Bureau of Labor Statistics (BLS), released Friday morning, showed that the economy added only 12,000 jobs in October, or 12% of the 100,000 additions expected. It's the smallest gain in four years, since December 2020.

The report "showed a material weakening in job growth," EY Senior Economist Lydia Boussour told Entrepreneur in an emailed statement.

[Vendome]

FOX NEWS ALERT: “October jobs report just released shows the U.S. added only 12,000 jobs last month, that’s around 100,000 fewer than economists expected. That’s unbelievable,” reports Brian @kilmeade .

https://x.com/i/status/1852342088085508410

[Vendome]

https://x.com/i/status/1852342088085508410

[rktman]

“NO WAY FORWARD!”. quemala/tampon timmy

[MMusson]

Trillions in Government Spending added Government Jobs and Government Adjacent Jobs. Down the rathole.

[Opinionated Blowhard]

I guess Biden-Harris is still digging out of the Depression that Trump caused. Just give them a little more time!!!

[mikey_hates_everything]

And released on a Friday...

[johniegrad]

Is this the downward adjustment that always follows the report or, when that comes out, do we actually run the risk of going underwater?

[alancarp]

I admit being shocked that this was allowed to come out on the Friday before the election. Is this the result of both Bidens trying to sabotage Kammy, or are is this actually the ‘GOOD’ set of numbers??

[Red Badger]

If I didn’t know any better, I’d say these numbers are fake, just to make Harris lose.

Biden’s revenge.................

[CatOwner]

And all of the US stock markets are up. The system is rigged, and not for the small investors.

[frogjerk]

How many were government jobs?

[MinorityRepublican]

I admit being shocked that this was allowed to come out on the Friday before the election. Is this the result of both Bidens trying to sabotage Kammy

Even if Harris wins, she'll bring in her own people so Biden team knows that they're on their way out.

[OHPatriot]

So maybe for once they REALLY REALLY reported the TRUE NUMBER so we all don’t have to wait around for a month or two for the REVISED DOWNWARD NUMBER.

Nah, they would never report the REAL NUMBER so close to election day would they?????

[willk]

“And all of the US stock markets are up.”

Up because they are hoping this means another rate cut.

[Eli Kopter]

And ALL of the 12,000 + 40,000 more government jobs were added and negative 50,000 private sector. That would be good numbers in a Communist country. The Oligarchs would be happy!

[Deo volente]

Cut rates, print more money, raise that gazillion dollar national debt, just in time for the Christmas rush. Buy, buy, buy, max out those credit cards!

But the best thing for this sick economy would be WW3. That would really stimulate it!

/sarc

[wgmalabama]

Probably the best they could spin it

[MtnClimber]

Even at that, you know the number will be revised way down.

[wgmalabama]

Stock market represents people chasing gain.

[systemjim]

12,000??

How many were government jobs?