by Calculated Danger on 10/27/2024 10:15:00 AM
Employment in October shall be negatively impression by Hurricane Milton and the Boeing strike.
Right here is the CES Strike report for October launched on Friday.
This exhibits a complete of 44,000 staff on strike in October.
[U]nfortunately, it will not be simple to interpret the October jobs report back to be launched simply earlier than the following FOMC assembly. This report will almost certainly present a major however non permanent lack of jobs from the 2 latest hurricanes and the strike at Boeing. I anticipate these elements could scale back employment development by greater than 100,000 this month, and there could also be a small impact on the unemployment price, however I am undecided will probably be that seen.
