by calculated risk October 27, 2024 10:15:00 AM
Employment in October will be adversely affected by Hurricane Milton and the Boeing strike.
here it is CES Strike Report The October edition was released on Friday.
This means a total of 44,000 workers went on strike in October.
(U)Unfortunately, it will not be easy to interpret the October jobs report, which will be released just before the next FOMC meeting. The report is likely to show significant but temporary job losses due to the two recent hurricanes and the Boeing strike. These factors could reduce job growth by more than 100,000 jobs this month, and while there may be some impact on the unemployment rate, it’s unclear whether it will be that visible.
