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The October jobs report found only 12,000 jobs created for the month.
It also revised down the job numbers for August and September.
Job creation in October slowed to its weakest pace since late 2020 as the impacts of storms in the Southeast and a significant labor impasse dented the employment picture.
Nonfarm payrolls increased by 12,000 for the month, down sharply from September and below the Dow Jones estimate for 100,000, the Bureau of Labor Statistics reported Friday. In what had already been expected to be a downbeat report, October posted the smallest gain since December 2020.
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The weak October report also included substantial downward revisions from previous months. August was cut to just a gain of 78,000 while September’s initial estimate came down to 223,000. Together, the net revisions lowered previously reported job creation totals by 112,000.
Trump reacted by saying, “THE HARRIS-BIDEN ADMINISTRATION HAS FAILED THE AMERICAN PEOPLE!”
OCTOBER JOBS REPORT—THE HARRIS-BIDEN ADMINISTRATION HAS FAILED THE AMERICAN PEOPLE!