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November 3, 2024
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US job creation falls sharply in October

US job creation falls sharply in October

The number of new contracts is much lower than expected, since analysts expected 110,000, according to the Market Watch consensus.

“It is likely that the estimates of salaried employment in certain sectors have been altered by the hurricanes,” the Government explained in a press release.

These figures are based on two surveys carried out in homes, companies and public organizations, after the passage of hurricanes Helene and Milton in late September and early October.

“Employment has decreased in the manufacturing sector due to strikes,” particularly the one carried out by some of the workers of the aircraft manufacturer Boeing since September 13.

“Employment continued its upward trend in health and public administration,” the Government said.

Job creation figures for August and September were revised downwards, to 78,000 and 223,000 respectively, 112,000 fewer hires than reported.



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