🚨Poor US labor market results in October

▶️ In October, US employment data showed that only 12,000 jobs were created outside the agricultural sector, well below the expectation of 113,000!

▶️ Revisions for the previous two months were also negative, totaling a net loss of 112,000 jobs, compared to the previous forecast of a gain of 72,000.

▶️ If we exclude the 40,000 government jobs this month, private payrolls would have actually been negative, at -28,000, compared to 223,000 before last month's revision, and the first negative result since December 2020.

However, analysts suggest that the data is heavily influenced by the impact of the hurricane that hit the United States and brought many workplaces to a standstill.