by Calculated Danger on 10/27/2024 10:15:00 AM
Employment in October will probably be negatively influence 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 employees 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 subsequent FOMC assembly. This report will most probably present a big however short-term lack of jobs from the 2 current hurricanes and the strike at Boeing. I anticipate these elements could cut back employment progress by greater than 100,000 this month, and there could also be a small impact on the unemployment fee, however I am unsure it will likely be that seen.
