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With the U.S. election just four days away, the October jobs report could have major implications for both voters and businesses. The U.S. economy added just 12,000 new jobs in October – but this is with a major asterisk as this data was significantly distorted by storms and strikes. This is the lowest month of job growth since December 2020.
Hurricane Milton made landfall during the survey reference week (when the data is collected) which resulted in much lower response rates than normal. On top of the impact of devastating weather events – there are major strikes within the