A new jobs report shows that only 12,000 jobs were added to the U.S. economy in October.
“Within professional and business services, employment in temporary help services declined by 49,000 in October. Temporary help services employment has decreased by 577,000 since reaching a peak in March 2022,” the report found. “Manufacturing employment decreased by 46,000 in October, reflecting a decline of 44,000 in transportation equipment manufacturing that was largely due to strike activity.”
The report explained that some payroll employment estimates were affected by the hurricanes, while others declined due to “strike activity.”
An estimated 7 million people are unemployed.
Last year, October’s unemployment rate was 3.8%, with 6.4 million Americans unemployed.
Trump campaign national press secretary Karoline Leavitt called the jobs report a “catastrophe.”
“In a single month, Kamala’s failed economic agenda wiped out nearly 30,000 private sector jobs and nearly 50,000 manufacturing jobs. Working families are being ripped off by the Harris-Biden economic agenda,” she wrote on X. “Kamala broke the economy. President Trump will fix it.”
