US adds 128,000 jobs in Oct amid GM strike
The US labor market took a hit in October from an extended strike at General Motors but the economy kept adding jobs at a solid pace, the government reported Friday.
The steady hiring showed demand for workers remained resilient despite President Donald Trump’s protracted trade war with China, which has chilled investment and slowed the economy.
Employers added 128,000 net new jobs, the Labor Department reported in the closely watched monthly employment report, defying many economists who expected a sharper slowdown.
Comments