🇺🇸 US NFP Report: Why Did October’s Hiring Slow Down?
🟢 Job Growth: Only 12,000 jobs added in October, marking the slowest growth since 2020. Unemployment stayed at 4.1%.
🟢 Hurricane Impact: Hurricanes affected job numbers, especially in retail, transportation, and leisure sectors.
🟢 Manufacturing Drop: Employment fell by 46,000 due to strikes, including Boeing workers.
🟢 Market Response: Treasury yields fell, and stock futures rose 0.5%.
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