The U.S. economy added 12,000 jobs in October, far fewer than expected and the lowest monthly total since December 2020.
With the election just days away, it’s unclear how Friday’s report from the U.S. Bureau of Labor will impact voting.
“Total nonfarm payroll employment was essentially unchanged in October (+12,000), and the unemployment rate was unchanged at 4.1 percent,” the bureau said. “Employment continued to trend up in health care and government. Temporary help services lost jobs. Employment declined in manufacturing due to strike activity.”
The economy and inflation have been the top issue on voters minds all year, according to most polls, including The Center Square Voters’ Voice poll in October.
“Employment in government continued its upward trend in October (+40,000), similar to the average monthly gain of 43,000 over the prior 12 months,” the bureau said. “Over the month, employment continued to trend up in state government (+18,000).”
Dan McCaleb
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Reposted with permission
