October Jobs Report Clouds End-Of-Year Forecasts
Nonfarm payrolls increased by only 12,000 as strikes in the airline industry and recent hurricanes distorted the data collected.
Nonfarm payrolls increased by only 12,000 as strikes in the airline industry and recent hurricanes distorted the data collected.
BLS forecasts 25-basis point cut later this month
Health care and construction industry lead in job growth.
The increase in the CPI is down from 9.1% at the same point last year.
Core inflation rose 5.3%, raising speculation the Fed will pause rate hikes in June but resume them in July.
Despite 15% increase in new jobs from April, unemployment rate rises to 3.7%.
Consumer Price Index rose 0.4% in April from a month earlier.
Unemployment rate slips to 3.4%, lowest since 1969.
March marks the 23rd consecutive month of annual inflation at 5% or above.
Unemployment rate dipped to 3.5%.