Summary:
US job growth slowed in October due to hurricanes and strikes, but the unemployment rate held steady at 4.1%, indicating a stable labor market.
Nov NFP
6/12/2024 (Fri)
Previous (Oct)：12k Forecast: 195k
US job growth slowed sharply in October amid disruptions from hurricanes and strikes by aerospace factory workers, but the unemployment rate held steady at 4.1%, offering positive signs of the labour market.
Nonfarm payrolls increased by 12,000 jobs last month, government data showed, far below economist forecast of an increase of 113,000. That marked the smallest gain since Dec 2020.
Wages increased at an annualised rate of 4.0%, which underpinned consumer spending and the overall economy. Retail sales rose more than expected in the month on purchase of motor vehicles and electronic goods.
Disclaimer: This material is for general information purposes only and is not intended as (and should not be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by EBC or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.
Trump's policies led to US stock outflows, and the dollar's decline widened the asset gap. Emerging markets may attract capital inflows.
2025-04-30
Inflation did not slow down in February, with core PCE up 2.8% year-on-year. Goods prices rose 0.2%, led by entertainment goods and automobile prices.
2025-04-30
Private sector added 155,000 jobs in March, with wages up 4.6%, easing concerns about a labor market and economic slowdown.
2025-04-30
