This is the slowest pace of hiring in the United States since 2020, but the unemployment rate remained low, as numbers were distorted by hurricanes and a major strike at Boeing.
Hurricanes and the Boeing strike likely drove payrolls lower in October, but the weak employment report keeps officials on track to reduce interest rates by a quarter point next week.
Learn how to reduce costs without sacrificing employee benefit levels and about recent updates around employer fiduciary duty through the lens of the DOL and ERISA.
