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Job creation last month slowed to its weakest pace since December 2020, according to Bureau of Labor Statistics data released Friday.
Employers are estimated to have added 12,000 jobs in October, well below September and well below estimates of a 100,000 job gain.
The ongoing Boeing strike and the devastating impact of hurricanes Helene and Milton had an impact on the numbers, the Labor Department said.
The report raised fears of weakness in the economy, just days before the presidential election.
However, the unemployment rate remained stable at 4.1 percent, in line with economists’ expectations.
Monthly average down
Presidential elections on the horizon
Downward revisions compared to previous months
Stock markets rise
Impact of strikes and storms