U.S. Job Market Slows in October Amid Natural Disasters and Strikes
Hurricanes Helene and Milton, which battered the southeastern U.S., were major contributors to the job losses. The hurricanes particularly affected temporary help services. Additionally, the ongoing Boeing strike significantly impacted the manufacturing sector, resulting in a loss of 46,000 jobs, primarily in transportation equipment manufacturing. Hurricanes and Strikes Impact Employment: Job losses were heavily driven…