US employers pulled back on hiring in October, adding 150,000 jobs
Friday, 3 November 2023 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 considers whether further interest rate hikes are necessary to curb inflation.
US Job Growth , Cooled in October.
In its payroll report released on Nov. 3,
the Labor Department said 150,000 jobs
were added by employers in October.
The number fell short of economists'
expectations of 180,000 jobs, Fox News reports.
The unemployment rate rose to 3.9%,
which was...
US Job Market , Stays Strong as Applications for , Jobless Benefits Inch Lower.
ABC reports that slightly fewer people in the United States
applied for jobless claims last week, indicating that..
Credit: Wibbitz Top Stories Duration: 01:31Published
US Job Market , Stayed Strong In September , Despite Fed's Rate Hikes.
In September, employers posted 9.6 million
job openings, an indicator that America's
job market remains strong. .
ABC reports..
Credit: Wibbitz Top Stories Duration: 01:31Published
Friday, 3 November 2023
![US Job Market Stays Strong as Applications for Jobless Benefits Inch Lower [Video]](https://video.newsserve.net/300/v/20231109/1360366957-US-Job-Market-Stays-Strong-as-Applications-for.jpg)
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