Biden Can Blame Boeing For Massive Jobs Data Miss
Portfolio Pulse from Aaron Bry
The U.S. economy added only 12,000 jobs in October, significantly missing estimates due to a Boeing machinist strike and hurricanes. Economist Joe Brusuelas suggests these are temporary disruptions, and job growth should normalize soon.
November 01, 2024 | 7:05 pm
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NEGATIVE IMPACT
Boeing's machinist strike contributed to a loss of 40,000 jobs, impacting the October jobs report. This is seen as a temporary issue, with job growth expected to normalize once the strike ends.
Boeing's strike directly caused a significant loss in manufacturing jobs, contributing to the weak jobs report. This is a temporary issue, but it negatively impacts Boeing's short-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90