Boeing Strike and Hurricane Helene Lead to Significant Job Losses in October

Employment in the U.S. saw a substantial decline due to natural disasters and labor strikes, with recovery expected soon.

Nonfarm payrolls in the U.S. increased by only 12,000 jobs in October, the lowest since December 2020.
The Boeing workers' strike and Hurricane Helene are estimated to have reduced payrolls by 100,000 to 125,000 jobs.
Florida lost 38,000 jobs and Washington State saw a decline of 35,900 jobs due to these events.
The hurricane's impact was felt across the southern U.S., affecting employment in several states.
With the strike resolved and rebuilding efforts underway, job growth is anticipated to rebound in November.