Financial News: U.S. Employment Inches Up Far Less Than Expected

U.S. Employment Inches Up Far Less Than Expected In October

11/01/2024 - 08:36:00 (RTTNews)

(RTTNews) - With increases in healthcare and government jobs partly offset by decreases in temporary and manufacturing jobs, the Labor Department released a report on Friday showing employment in the U.S. edged only slightly higher in the month of October.

The Labor Department said non-farm payroll employment crept up by 12,000 jobs in October after jumping by a downwardly revised 223,000 jobs in September.

Economists had expected employment to climb by 113,000 jobs compared to the surge of 254,000 jobs originally reported for the previous month.

Meanwhile, the report said the unemployment rate came in at 4.1 percent in October, unchanged from September and in line with economist estimates.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. New Home Sales Show Significant Rebound In November (02 hr(s), 46 min(s), 19 sec(s) ago)
(RTTNews) - After reporting a sharp pullback by new home sales in the U.S. in the previous month, ...Full Story»

U.S. Consumer Confidence Unexpectedly Deteriorates In December (02 hr(s), 48 min(s), 19 sec(s) ago)
(RTTNews) - Consumer confidence in the U.S. has unexpectedly deteriorated in the month of December ...Full Story»

U.S. Durable Goods Orders Pull Back More Than Expected In November (02 hr(s), 58 min(s), 19 sec(s) ago)
(RTTNews) - New orders for U.S. manufactured durable goods slumped by much more than expected in t ...Full Story»

Lithuania Industrial Production Grows 4.1% (05 hr(s), 31 min(s), 19 sec(s) ago)
(RTTNews) - Lithuania's industrial output expanded in November, driven by strong growth in the ...Full Story»

Irish Consumer Confidence Weakens Marginally (05 hr(s), 58 min(s), 19 sec(s) ago)
(RTTNews) - Irish consumer confidence dropped slightly at the end of the year as households were w ...Full Story»

Irish Wholesale Prices Rise 2.1% In November (06 hr(s), 35 min(s), 19 sec(s) ago)
(RTTNews) - Ireland's wholesale prices increased for the first time in four months in November ...Full Story»

Poland Unemployment Rate Rises To 5.0% (06 hr(s), 50 min(s), 19 sec(s) ago)
(RTTNews) - The unemployment rate in Poland increased for the first time in four months in Novembe ...Full Story»

Italy Non-EU Trade Surplus Shrinks In November (07 hr(s), 34 min(s), 19 sec(s) ago)
(RTTNews) - Italy's non-EU trade surplus declined in November from a year ago, as imports grew ...Full Story»