The US labor market showed signs of cooling in October as employers added 150,000 jobs, a decrease from the previous month but still indicating a resilient economy. The United Auto Workers' strikes against Detroit's automakers contributed to the lower job growth, but most sectors experienced solid gains. Wage pressures also eased, and the unemployment rate rose slightly to 3.9%. The Federal Reserve is monitoring these developments as it considers whether further interest rate hikes are necessary to curb inflation.
- News Source Indiatimes (Click to view full news): CLICK HERE
0 Comments:
Leave a Reply