The U.S. economy added just 12,000 jobs in October 2024, falling far short of the anticipated 100,000 jobs and marking the weakest monthly job growth since late 2020.
This report, released by the Bureau of Labor Statistics (BLS), underscores a worrying slowdown in the labor market and raises questions about the effectiveness of current economic policies, often referred to as “Bidenomics.” The sluggish job growth, coupled with downward revisions to prior months’ data, has sparked renewed concerns among economists and analysts about the resilience of the U.S. economy amid rising inflation and other volatile economic factors.
What Happened?
The October jobs report shows a significant deceleration in job growth, hinting at deeper issues within the economy. While recent months had shown more robust hiring, October’s numbers reflect a clear downturn, with…
