Published 19:16 IST, October 30th 2019
Survey: US businesses added slight 125,000 jobs in October
U.S. businesses added a mere 125,000 jobs in October, a slowdown in hiring driven in part by job cuts in the manufacturing and construction.
Advertisement
BALTIMORE (AP) — U.S. businesses ded a mere 125,000 jobs in October, a slowdown in hiring driven in part by job cuts in manufacturing and construction.
Payroll processor P said Wednesday that re hiring in September was also revised down sharply to 93,000 jobs from initial report of 135,000 jobs. Hiring was solid in health care industry and among employers with more than 50 workers, but longest ecomic expansion in U.S. history has limited number of people seeking jobs and a global slowdown has weighed on goods-producing sector.
Advertisement
P’s figures don’t include government hiring and frequently diverge from government’s official report, which will be released Friday. Ecomists expect that report will show 90,000 jobs were ded.
19:14 IST, October 30th 2019