In October, US Job Growth Probably Slowed Due To a Strike By The UAW

October’s slowdown in U.S. job growth was probably caused in part by United Auto Workers (UAW) strikes against Detroit’s “Big Three” automakers

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The expected slowdown in job creation last month would also be a payback following September’s huge increases—the highest in eight months.

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The labour market conditions are predicted to gradually improve in the Labor Department’s much anticipated employment report on Friday

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The analysis may support the idea that there is no need for more rate increases by the Federal Reserve.

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At least 30,000 UAW members went on strike at the time the BLS polled firms for October’s employment report,

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The payrolls count may be impacted by technical issues with the algorithm that is used to remove seasonal changes from the data.

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