Friday, November 1, 2024

Hurricanes, strikes seen denting US job growth as Americans prepare to vote

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U.S. job growth likely slowed sharply in October amid disruptions from hurricanes and strikes by aerospace factory workers, but a steady unemployment rate should offer assurance that the labor market remained on solid footing ahead of Tuesday's election. The Labor Department's closely watched employment report scheduled for release on Friday will be the last major economic data before Americans head to the polls to choose Democratic Vice President Kamala Harris or Republican former President Donald Trump as the country's next president. Low layoffs have been the hallmark of the labor market's strength.

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